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Home / Metal News / LME Lead to Trade under Pressure (2015-12-21)

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

iconDec 21, 2015 09:53
Source: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.

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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

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