SHFE Lead to Stabilize (2017-4-10)

Apr 10, 2017 09:18

LME lead will move at USD 2,230-2,300/mt on Monday and SHFE 1705 lead will stabilize 16,200-17,000/mt at RMB after a sharp decline.

SHANGHAI, Apr. 10 (SMM) – Eyes should be on US dollar index on Monday. LME lead will move at USD 2,230-2,300/mt on Monday and SHFE 1705 lead will stabilize 16,200-17,000/mt at RMB after a sharp decline.

In China’s domestic market, traders are active in giving offers and downstream battery producers increase purchases after SHFE 1705 lead dived, improving trading. Spot lead should drop RMB 600/mt and should trade at RMB 16,750-16,850/mt on Monday.

SHFE lead

LME lead

lead prices

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SHFE Lead to Stabilize (2017-4-10)

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