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.