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Home / Metal News / SHFE Lead to Stay Range-Bound (2017-3-30)

SHFE Lead to Stay Range-Bound (2017-3-30)

Mar 30, 2017 09:55

Source:SMM

LME lead will move between USD 2,320-2,365/mt on Thursday and SHFE 1705 lead will move at RMB 17,350-17,950/mt.

SHANGHAI, Mar. 30 (SMM) – Eyes should be on final reading of US’s GDP in Q4 on Thursday. LME lead will move between USD 2,320-2,365/mt on Thursday and SHFE 1705 lead will move at RMB 17,350-17,950/mt.

In China’s domestic market, downstream battery producers continue cutting output in off-season. Falling SHFE 1705 lead may speculate replenishment demand. Spot lead should rise RMB 100/mt and trade at RMB 17,600-17,700/mt on Thursday.

SHFE lead

LME lead

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