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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
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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