LME Lead to Hover at Highs (2017-7-26)

Published: Jul 26, 2017 09:36

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LME lead will hover at USD 2,310-2,330/mt and SHFE 1708 lead will fluctuate between RMB 17,650-17,850/mt.

SHANGHAIM, Jul. 26 (SMM) – On Wednesday, attention should be on fresh reading of UK’s GDP in Q2 and US’s new home sales in June after seasonal adjustment. US’s API crude oil inventory hit largest decline from September 2016 in the week ending July 21, shoring up crude oil price. LME lead will hover at USD 2,310-2,330/mt and SHFE 1708 lead will fluctuate between RMB 17,650-17,850/mt.

In China’s domestic market, spot lead should trade at RMB 17,700-17,750/mt.

SHFE lead LME lead lead prices

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