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Home / Metal News / Shanghai Lead to Hold Stable (2016-1-26)

Shanghai Lead to Hold Stable (2016-1-26)

Jan 26, 2016 10:06

Source:SMM

European and US stocks mostly dropped overnight. US January PMI will be released today.

SHANGHAI, Jan. 26 (SMM) – European and US stocks mostly dropped overnight. US January PMI will be released today.

LME lead is expected to move between USD 1,605-1,630/mt today. SHFE 1603 lead will consolidate between RMB 12,780-12,870/mt today.

See forecast for other base metals, please click: Market Caution to Leave Range-Bound Trading, SMM Says

Pre-holiday stock-building by battery plants ended, and spot lead prices will trade between RMB 13,100-13,200/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-26)

SHFE lead prices

LME lead prices

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