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Home / Metal News / LME Lead to Stay Weak amid Bearishness (2015-11-24)

LME Lead to Stay Weak amid Bearishness (2015-11-24)

Nov 24, 2015 09:56

Source:SMM

LME lead is predicted to move at lows between USD 1,550-1,580/mt during Asian trading hours Tuesday.

SHANGHAI, Nov. 24 (SMM) – LME lead is predicted to move at lows between USD 1,550-1,580/mt during Asian trading hours Tuesday.

See forecast for other base metals, please click: Shanghai Zinc and Lead to Outperform Others, SMM Says

Saudi Arabia government announced that it already adopted measures to stabilize crude oil prices, growing crude prices. But US dollar increased above 100, curbing base metals prices. Pessimistic sentiment prevails in market.

On the back of zinc cut news, SHFE 1601 lead will range between RMB 11,850-12,100/mt on Nov. 24. In China’s spot market, downstream buyers wait for further price falls and spot lead will settle at RMB 12,600-12,700/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-11-24)

LME lead price

SHFE lead price

Pb Price

lead price

base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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LME Lead to Stay Weak amid Bearishness (2015-11-24)

SMM Events & Webinars

NET ZERO CHAIN Field Trip

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