Shanghai Lead to Maintain Upward Track (2016-1-28)

Published: Jan 28, 2016 10:18

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US December durable goods orders will be released today.

SHANGHAI, Jan. 28 (SMM) – US December durable goods orders will be released today. LME lead is expected to move between USD 1,650-1,680/mt today. SHFE 1603 lead will fluctuate between RMB 13,130-13,320/mt today.

See forecast for other base metals, please click: Shanghai Base Metal Prices to Keep Rising, SMM Says

Spot lead should remain tight, and spot lead prices will rise RMB 50/mt to RMB 13,350-13,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-28)

LME lead prices SHFE 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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