LME Lead to Trade under Pressure (2015-12-21)

Published: Dec 21, 2015 09:53

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LME lead should meet resistance at the 60-day moving average and move between USD 1,650-1,685/mt during Asian trading hours Monday.

SHANGHAI, Dec. 21 (SMM) - LME lead should meet resistance at the 60-day moving average and move between USD 1,650-1,685/mt during Asian trading hours Monday.

See forecast for other base metals, please click: Trading to Wane Ahead of Holidays, SMM Says

SHFE 1602 lead will range between RMB 12,830-12,960/mt on Dec. 21. In China, downstream lead-acid battery makers are gradually slow to purchase and spot supply tightens in many regions. Spot lead will increase to RMB 13,050-13,200/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-21)

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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