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LME Lead to Hover at Highs (2017-7-11)
Jul 11, 2017 09:58Source:SMM
LME lead will hover at highs with price range at USD 2,295-2,315/mt on Tuesday, and SHFE 1708 lead will trade at RMB 17,550-17,800/mt.
SHANGHAIM, Jul. 11 (SMM) – Attention should be on final reading of US’s monthly wholesale inventory in May and Federal Reserve official Lael Brainard’s speech on Tuesday. LME lead will hover at highs with price range at USD 2,295-2,315/mt on Tuesday, and SHFE 1708 lead will trade at RMB 17,550-17,800/mt.
In China’s domestic market, spot lead should trade at RMB 17,650-17,750/mt.
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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