Shanghai Lead to Maintain Upward Momentum (2016-2-1)

Published: Feb 1, 2016 09:58

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Official and Caixin’s January PMI for China to be released today are expected to be lower than December’s.

SHANGHAI, Feb. 1 (SMM) – Official and Caixin’s January PMI for China to be released today are expected to be lower than December’s. But with market expectations of additional stimulus measures from China, LME lead is expected to remain high between USD 1,690-1,730/mt today. SHFE 1603 lead will strengthen to RMB 13,650-13,850/mt today.

See forecast for other base metals, please click: Shanghai Base Metal Prices to Rise This Week, SMM Says

Spot lead prices will follow SHFE lead up to RMB 13,650-13,750/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-1)

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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