Shanghai Lead to Stay High (2016-2-2)

Published: Feb 2, 2016 10:12

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The market will lack important macroeconomic news today. LME lead is expected to remain high between USD 1,720-1,750/mt today.

SHANGHAI, Feb. 2 (SMM) – The market will lack important macroeconomic news today. LME lead is expected to remain high between USD 1,720-1,750/mt today. SHFE 1603 lead will rise to RMB 13,650-13,850/mt today.

See forecast for other base metals, please click: Waning Spot Trades to Weigh on SHFE Base Metal Prices, SMM Says

Spot lead prices will move between RMB 13,850-14,000/mt.

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

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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