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SHFE Lead to Move in a Tight Range (2017-5-8)
May 8, 2017 09:23Source:SMM
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
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