Shanghai Lead Prices to Inch up (2015-12-28)

Published: Dec 28, 2015 10:00

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Spot lead prices in China should edge up slightly to RMB 13,150-13,300/mt on Dec. 28.

SHANGHAI, Dec. 28 (SMM) – Spot lead prices in China should edge up slightly to RMB 13,150-13,300/mt on Dec. 28.

In China’s spot market, downstream buying interest weakens considerably late December and at year’s end while on the other hand, spot supply remains tightened in market.

See forecast for other base metals, please click:Base Metals to See Light Trading in Pre-holiday Week, with Firm Prices, SMM Says

Market will focus on Germany’s retail sales in November and US December’s Dallas Fed manufacturing activity. LME is still closed today.LME is still closed today. SHFE 1602 lead will range RMB 13,060-13,210/mt today with no guide from LME market.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-28)

SHFE lead price spot copper prices lead prices Pb Price

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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