SHANGHAI, Mar. 3 (SMM) – LME lead returns above USD 1,800/mt and will range between USD 1,790-1,820/mt during Asian trading hours Thursday.
US February composite PMI is due for release today. SHFE 1604 lead should fluctuate between RMB 13,700-13,850/mt on Mar. 3 with support at the 5 and 10-day moving averages. In China’s spot market, spot prices quote at highs and most buyers are shifted to secondary refined lead. Spot lead will move between RMB 13,700-13,850/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-3-3)