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Home / Metal News / LME Lead to Trade at Highs (2015-12-30)

LME Lead to Trade at Highs (2015-12-30)

iconDec 30, 2015 10:01
LME lead should trade at highs of USD 1,740-1,770/mt during Asian trading hours Wednesday.

SHANGHAI, Dec. 30 (SMM) – LME lead should trade at highs of USD 1,740-1,770/mt during Asian trading hours Wednesday.

A series of economic figures are due for release today, including Germany’s retail sales in November and US last week’s crude oil inventories. Market turns cautious at year’s end.

See forecast for other base metals, please click: Diverging Trends Expected in Base Metal Market, SMM Says

SHFE 1602 returns above all moving averages and will range RMB 13,050-13,200/mt on Dec. 30. Trading activities were limited in Chinese market at year’s end and spot lead should grow by RMB 50/mt to RMB 13,150-13,250/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2015-12-30)

LME lead price forecast
SHFE lead price
lead prices
Pb prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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