LME Lead to Stay Range-Bound (2017-5-4)

Published: May 4, 2017 09:37

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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

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