SHFE Lead to Move in a Tight Range (2017-5-8)

Published: May 8, 2017 09:23

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LME lead will move at USD 2,160-2,200/mt on Monday and SHFE 1706 lead will move at RMB 15,930-16,160/mt.

SHANGHAI, May 8 (SMM) – Eyes should be on US’s April LMCI employment condition on Monday, which is expected to be positive, supporting LME lead. LME lead will move at USD 2,160-2,200/mt on Monday and SHFE 1706 lead will move at RMB 15,930-16,160/mt.

In China’s domestic market, spot lead should trade at RMB 16,050-16,150/mt on Monday.

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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