SHANGHAI, Jan. 26 (SMM) – European and US stocks mostly dropped overnight. US January PMI will be released today.
LME lead is expected to move between USD 1,605-1,630/mt today. SHFE 1603 lead will consolidate between RMB 12,780-12,870/mt today.
See forecast for other base metals, please click: Market Caution to Leave Range-Bound Trading, SMM Says
Pre-holiday stock-building by battery plants ended, and spot lead prices will trade between RMB 13,100-13,200/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-1-26)

![Harga kargo spot tetap stabil untuk menopang pasar, SHFE timbal terkonsolidasi lemah dan ditutup turun 0,32% [Komentar Singkat Futures Timbal]](https://imgqn.smm.cn/usercenter/lIHfM20251217171721.jpeg)

