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

Published: Jan 26, 2016 10:06

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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

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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