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LME Lead to Stay Range-Bound (2017-5-4)
May 4, 2017 09:37Source:SMM
LME lead will move at USD 2,170-2,225/mt on Thursday and SHFE 1706 lead will move above RMB 16,000/mt at RMB 16,000-16,400/mt.
SHANGHAI, May 4 (SMM) – Eyes should be on US’s initial jobless claim from the week ending April 29 on Thursday. LME lead will move at USD 2,170-2,225/mt on Thursday and SHFE 1706 lead will move above RMB 16,000/mt at RMB 16,000-16,400/mt.
In China’s domestic market, spot lead should drop RMB 100/mt and trade at RMB 16,050-16,200/mt on Thursday.
SHFE lead
LME lead
lead prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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