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.