LME Lead to Trade above USD 1,700/mt (2015-12-14)

Published: Dec 14, 2015 10:06

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LME lead is expected to move between USD 1,710-1,735/mt during Asian trading hours Monday.

SHANGHAI, Dec. 14 (SMM) – LME lead is expected to move between USD 1,710-1,735/mt during Asian trading hours Monday.

LME lead already returned to USD 1,700/mt due to sportive factors from output cut and stockpiling of aluminum and zinc.

See forecast for other base metals, please click: Base Metal Prices to Rise at First This Week, SMM Foresees

SHFE 1602 lead moved above moving averages and will range RMB 12,950-13,130/mt on December 14. Tightness in Chinese spot lead will not be eased in a short time while on the other hand, downstream demand picks up slightly. As such, spot lead should trade at RMB 13,100-13,200/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-14)

LME lead price forecast SHFE lead price lead prices Pb prices

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

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