LME Lead to Stay Firm (2017-7-27)

Published: Jul 27, 2017 09:01

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LME lead will hover at USD 2,310-2,330/mt and SHFE 1709 lead will fluctuate between RMB 17,900-18,050/mt.

SHANGHAIM, Jul. 27 (SMM) – On Thursday, attention should be on profits at China’s above-scale industrial enterprises in June, US’s initial jobless claim in the week ending July 21 and fresh reading of durable goods orders and wholesale inventories in June. LME lead will hover at USD 2,310-2,330/mt and SHFE 1709 lead will fluctuate between RMB 17,900-18,050/mt.

In China’s domestic market, spot lead should trade at RMB 17,850-17,900/mt.

SHFE lead LME lead lead prices

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