LME Lead to Hover at Highs (2017-7-11)

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.