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LME Lead to Remain Tight Range (2017-3-8)
Mar 8, 2017 09:59Source:SMM
LME lead is expected to trade at USD 2,200-2,250/mt and SHFE 1704 lead will move between RMB 17,500-18,200/mt.
SHANGHAI, Mar. 8 (SMM) – Eyes should be on US’s February ADP employment on Wednesday. LME lead is expected to trade at USD 2,200-2,250/mt and SHFE 1704 lead will move between RMB 17,500-18,200/mt.
In China’s domestic market, downstream battery producers take wait-and-see stance. Spot lead should drop RMB 150/mt and trade at RMB 18,050-18,150/mt on Wednesday.
SHFE lead
LME lead
lead prices
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