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Home / Metal News / LME Lead to Hold above Moving Average (2016-1-22)

LME Lead to Hold above Moving Average (2016-1-22)

iconJan 22, 2016 09:32
Source:SMM
LME lead stays above the 5 and 10-day moving averages and should move between USD 1,620-1,650/mt during Asian trading hours Friday.

SHANGHAI Jan. 22 (SMM) –LME lead stays above the 5 and 10-day moving averages and should move between USD 1,620-1,650/mt during Asian trading hours Friday.

See forecast for other base metals, please click: Shanghai Market to See Range-bound Trading, SMM Says

SHFE 1603 lead moves between moving averages and will range RMB 12,750-12,900/mt on Jan. 22. Spot supply remains tight and traded prices quote at high. Downstream buyers build modest stocks. Spot lead will be offered at RMB 13,100-13,200/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2016-1-22)

LME lead price forecast
SHFE lead prices
lead prices
Pb prices

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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