SHANGHAI, Jun. 24 (SMM) – LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Friday.
Market sentiment will be sensitive to the Brexit referendum result.
SHFE 1608 lead will hover between RMB 12,800-12,950/mt on Jun. 24. In China’s spot market, traders give their offers as usual while downstream purchase is limited and mainly work through inventories. Spot lead should trade at RMB 12,650-12,800/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2016-6-24)