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LME Lead to Move in a Tight Range (2017-3-31)
Mar 31, 2017 09:33Source:SMM
LME lead will fluctuate between USD 2,300-2,370/mt and SHFE 1705 lead will move at RMB 17,000-17,600/mt.
SHANGHAI, Mar. 31 (SMM) – Eyes should be on US’s February personal income on a monthly basis on Friday. LME lead will fluctuate between USD 2,300-2,370/mt on Friday and SHFE 1705 lead will move at RMB 17,000-17,600/mt.
In China’s domestic market, downstream battery producers cut output successively in off-season. Traders are active in giving offers while downstream buyers take wait-and-see stance. Spot lead should trade at RMB 17,400-17,500/mt on Friday.
SHFE lead
LME lead
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