LME Lead to Remain Strong (2015-12-31)-Shanghai Metals Market

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

Price Review & Forecast 09:45:46AM Dec 31, 2015 Source:SMM

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)

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

Price Review & Forecast 09:45:46AM Dec 31, 2015 Source:SMM

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)