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LME Lead to Remain in Upward Track (2017-6-28)
Jun 28, 2017 09:27LME lead will keep rising on Wednesday with price range at USD 2,250-2,285/mt and SHFE 1708 lead will drop slightly on Wednesday with price range at RMB 17,200-17,500/mt.
SHANGHAIM, Jun. 28 (SMM) – LME lead will keep rising on Wednesday with price range at USD 2,250-2,285/mt. SHFE 1708 lead, lacking of upward strength, will drop slightly on Wednesday with price range at RMB 17,200-17,500/mt.
In China’s domestic market, spot lead should trade at RMB 17,600-17,700/mt on Wednesday.
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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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LME lead will trade at USD 2,200-2,230/mt on Thursday, and SHFE 1708 lead will drop marginally to RMB 17,200-17,450/mt.
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SHFE 1704 lead opened at RMB 18,530/mt and ended at RMB 18,570/mt, down RMB 260/mt or 1.38%.
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