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SHFE Lead to Remain Range-Bound (2017-4-24)
Apr 24, 2017 09:12Source:SMM
LME lead will move at USD 2,120-2,180/mt on Monday and SHFE 1706 lead is expected to fluctuate between RMB 15,700-16,250/mt.
SHANGHAI, Apr. 24 (SMM) – Attention should be on US dollar index on Monday. LME lead will move at USD 2,120-2,180/mt on Monday and SHFE 1706 lead is expected to fluctuate between RMB 15,700-16,250/mt.
In China’s domestic market, demand and supply will remain sluggish. Traders give offers as usual while downstream battery producers held wait-and-see stance. Spot lead should drop RMB 100/mt and trade at RMB 16,000-16,150/mt on Monday.
SHFE lead
LME lead
lead prices
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