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LME Lead to Move in a Tight Range (2017-3-7)

Published: Mar 7, 2017 09:56
LME lead will trade at USD 2,200-2,260/mt on Tuesday and SHFE 1704 lead will move at RMB 17,800-18,450/mt.

SHANGHAI, Mar. 7 (SMM) – Attention should be on eurozone’s GDP in Q4 2016. LME lead will trade at USD 2,200-2,260/mt on Tuesday and SHFE 1704 lead will move at RMB 17,800-18,450/mt.

In China’s domestic market, downstream battery producers are expected to increase purchases. Spot lead should drop RMB 150/mt and trade at RMB 18,250-18,350/mt on Tuesday.

SHFE leadLME leadlead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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