LME Lead to Remain Strong (2015-12-31)

Published: Dec 31, 2015 09:45

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SHFE 1602 lead moves above all the moving averages and finds support at RMB 13,050/mt. The contract should move between RMB 13,030-13,180/mt on Dec. 31.

SHANGHAI, Dec. 31 (SMM) – LME lead is predicted to trade at highs of USD 1,755-1,785/mt during Asian trading hours Thursday.

See forecast for other base metals, please click: Light Trading Expected in Last Trading Day of 2015, SMM Says

SHFE 1602 lead moves above all the moving averages and finds support at RMB 13,050/mt. The contract should move between RMB 13,030-13,180/mt on Dec. 31. In China’s spot market, downstream buyers halt purchase on the last trading day of 2015, leaving trading muted. Spot lead will trade at RMB 13,150-13,250/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-31)

SHFE lead price lead prices LME lead price forecast

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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