Home / Metal News / Zinc / LME lead Set for Gains (2015-12-22)
LME lead Set for Gains (2015-12-22)
Dec 22,2015 09:33CST
price review forecast
Source:SMM
LME lead will trade higher at USD 1,690-1,725/mt during Asian trading hours Tuesday owing to position opening by longs.

SHANGHAI, Dec. 22 (SMM) – LME lead will trade higher at USD 1,690-1,725/mt during Asian trading hours Tuesday owing to position opening by longs.

Markets expect the final reading of US Q3’s year-on-year growth to be 1.9%. As such, US dollar index will likely go down.

See forecast for other base metals, please click:Shanghai Base Metal Price to Rise, with Stronger Tin, SMM Says

SHFE 1602 lead moves above all the moving averages and should range RMB 13,000-13,200/mt on Dec. 22. News of price hikes by leading motive batteries is gradually digested by China’s market and distributors almost complete production ramp-up for year’s target. But supply tightness will support lead prices. Spot lead will trace SHFE lead up to RMB 13,100-13,250/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2015-12-22)

LME lead price forecast
SHFE lead price
lead prices
Pb prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news