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LME Lead to Stay Range-Bound (2015-12-29)
Dec 29, 2015 09:43Source:SMM
LME lead should move in a tight range of USD 1,720-1,745/mt during Asian trading hours Tuesday.
SHANGHAI, Dec. 29 (SMM) – LME lead should move in a tight range of USD 1,720-1,745/mt during Asian trading hours Tuesday.
Market will focus on Germany’s retail sales in November and US December’s Conference Board CCI.
SHFE 1602 lead should range RMB 12,900-13,030/mt on Dec. 29. In China’s spot market, spot supply remains tight and downstream purchase decreases markedly. Thus, spot lead will trade flat at RMB 13,100-13,200/mt.
Key Macroeconomic Indicators for Base Metal Prices (2015-12-29)
LME lead price forecast
SHFE lead prices
lead prices
Pb Price
For queries, please contact Michael Jiang at michaeljiang@smm.cn
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