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LME Lead to Stay Range-Bound (2017-3-10)
Mar 10, 2017 09:55LME lead will move between USD 2,220-2,255/mt on Friday and SHFE 1704 lead will trade at RMB 17,500-18,200/mt.
SHANGHAI, Mar. 10 (SMM) – Eyes should be on US’s February nonfarm payroll report on Friday. LME lead will move between USD 2,220-2,255/mt on Friday. SHFE 1704 lead rallied slightly after a 5-day decline on Thursday’s night trading and will trade at RMB 17,500-18,200/mt on Friday.
In China’s domestic market, downstream battery producers will increase purchases with rallying SHFE 1704 lead. Spot lead should trade at RMB 17,850-17,950/mt on Friday.
SHFE lead
LME lead
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