SHFE Lead to Remain Weak (2017-4-11)-Shanghai Metals Market

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SHFE Lead to Remain Weak (2017-4-11)

Price Review & Forecast 09:30:37AM Apr 11, 2017 Source:SMM

SHANGHAI, Apr. 11 (SMM) – Attention should be on meet between China’s Chairman and US’s President on Tuesday. LME lead will fluctuate between USD 2,230-2,380/mt on Tuesday and SHFE 1705 lead will move at RMB 16,200-16,800/mt.

In China’s domestic market, traders rush to sell goods while market players take wait-and-see stance. Lead smelters cut output for maintenance and downstream battery producers purchase based on orders, leading to sluggish supply and demand. Spot lead should drop RMB 200/mt and trade at RMB 16,450-16,550/mt on Tuesday.

Key Words:  SHFE lead  LME lead  lead prices 

Price

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Aluminum Ingot
Aug.20
14380.0
150.0
(1.05%)
Aluminum Ingot - Fo Shan
Aug.20
14400.0
150.0
(1.05%)
Aluminum Ingot - Wu Xi
Aug.20
14380.0
100.0
(0.70%)
Aluminum Ingot - Hang Zhou
Aug.20
14400.0
120.0
(0.84%)
Aluminum Ingot - Chong Qing
Aug.20
14360.0
100.0
(0.70%)

SHFE Lead to Remain Weak (2017-4-11)

Price Review & Forecast 09:30:37AM Apr 11, 2017 Source:SMM

SHANGHAI, Apr. 11 (SMM) – Attention should be on meet between China’s Chairman and US’s President on Tuesday. LME lead will fluctuate between USD 2,230-2,380/mt on Tuesday and SHFE 1705 lead will move at RMB 16,200-16,800/mt.

In China’s domestic market, traders rush to sell goods while market players take wait-and-see stance. Lead smelters cut output for maintenance and downstream battery producers purchase based on orders, leading to sluggish supply and demand. Spot lead should drop RMB 200/mt and trade at RMB 16,450-16,550/mt on Tuesday.

Key Words:  SHFE lead  LME lead  lead prices