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LME Lead Faces Weakness (2015-12-23)
Dec 23,2015 10:01CST
price review forecast
Source:SMM
LME lead should move on the weak side between USD 1,680-1,710/mt during Asian trading hours Wednesday.

SHANGHAI, Dec. 23 (SMM) – LME lead should move on the weak side between USD 1,680-1,710/mt during Asian trading hours Wednesday.

A series of US economic figures are due for release on Wednesday, including durable goods orders and personal income. Those figures will likely support US dollar.

See forecast for other base metals, please click: LME Market to See Light Trading ahead of Christmas Holiday, SMM Says

SHFE 1602 lead will range RMB 12,900-13,100/mt on Dec. 23. In China’s spot market, supply stays tightened and high prices dampen downstream buying interest. Thus, spot lead will fall slightly to RMB 13,100-13,200/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2015-12-23)

SHFE lead price
LME lead price forecast
lead prices
Pb prices

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