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SHFE Lead to Move Widely (2017-3-24)
Mar 24, 2017 09:58Source:SMM
LME lead will move between USD 2,330-2,370/mt on Friday and SHFE 1705 lead will swing at RMB 18,000-18,500/mt.
SHANGHAI, Mar. 24 (SMM) – Eyes should be on fresh reading of US’s durable orders in February on Friday. LME lead will move between USD 2,330-2,370/mt on Friday and SHFE 1705 lead will swing at RMB 18,000-18,500/mt.
In China’s domestic market, traders are active in giving offers while downstream battery producers take wait-and-see stance with volatile SHFE 1705 lead. Spot lead should drop RMB 50/mt to RMB 18,150-18,250/mt on Friday.
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