SHFE Lead to Move in a Tight Range (2017-5-8)

SHANGHAI, May 8 (SMM) – Eyes should be on US’s April LMCI employment condition on Monday, which is expected to be positive, supporting LME lead. LME lead will move at USD 2,160-2,200/mt on Monday and SHFE 1706 lead will move at RMB 15,930-16,160/mt.

In China’s domestic market, spot lead should trade at RMB 16,050-16,150/mt on Monday.