SHANGHAI, Jun. 23 (SMM) – LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Thursday.
Market sentiment will be sensitive to the Brexit referendum result.
SHFE 1608 lead will hover between RMB 12,800-12,950/mt on Jun. 23. In China’s spot market, trading remains quiet and downstream battery makers cut operation to ease inventory pressure. Traders sell as usual and demand is sluggish. Spot lead should trade at RMB 12,700-12,800/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2016-6-23)