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Home / Metal News / Shanghai Lead to Climb as Supply Remains Tight (2016-1-27)

Shanghai Lead to Climb as Supply Remains Tight (2016-1-27)

Jan 27, 2016 09:58

Source:SMM

The US Federal Reserve will hold its rate-setting meeting today, but is expected to leave interest rate unchanged.

SHANGHAI, Jan. 27 (SMM) – The US Federal Reserve will hold its rate-setting meeting today, but is expected to leave interest rate unchanged.

LME lead is expected to move between USD 1,635-1,660/mt today. SHFE 1603 lead will fluctuate between RMB 13,000-13,150/mt today.

See forecast for other base metals, please click: Base Metal to Rise on Oil and Dollar Support, SMM Says

Spot lead should remain tight, and spot lead prices will rise to RMB 13,200-13,350/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-27)

SHFE lead prices

LME lead prices

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

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