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.