LME Lead to Move in a Tight Range (2016-8-15)

SHANGHAI, Aug. 15 (SMM) – LME lead will narrowly range USD 1,825-1,845/mt during Asian trading hours Monday.

Eyes will be on China’s industrial data and US July PPI.

SHFE 1609 lead will fluctuate between RMB 13,700-13,900/mt on Aug. 15. In China’s spot market, supply stays tight and cargo holders hold back sales. Downstream buyers will watch from the sidelines and favor term contracts. Spot lead will trade at RMB 13,700-13,850/mt today.