LME Lead to Stay Range-Bound (2016-8-8)

SHANGHAI, Aug. 8 (SMM) – LME lead will narrowly range USD 1,775-1,795/mt during Asian trading hours Monday.

Focus will be on China’s trade data and movement of US dollar index.

SHFE 1609 lead will fluctuate between RMB 13,750-13,950/mt on Aug. 8. In China’s spot market, cargo holders will give price as usual and downstream buyers will watch from the sidelines and mainly favor term purchase. Spot trading will remain dull. Spot lead will trade at RMB 13,650-13,800/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-8-8)