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

iconJan 28, 2016 10:18
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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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