SHFE Lead to Strengthen (2016-10-25)

SHANGHAI, Oct. 25 (SMM) – There will be lack of news on Tuesday while market players continued digesting positive news on Monday’s night trading and this helped commodities price up on Tuesday. LME lead is predicted to move at USD 2,025-2,055/mt on Tuesday. The SMM/LME lead price ratio increased with falling Chinese yuan. SHFE 1612 lead will range between RMB 16,250-16,500/mt on Tuesday.

In China’s domestic market, suppliers still hold firm prices while downstream producers purchased based on orders. Spot lead will trade at RMB 16,250-16,400/mt on Tuesday.