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Home / Metal News / Shanghai Lead to Climb (2016-2-4)

Shanghai Lead to Climb (2016-2-4)

Feb 4, 2016 10:47

Source:SMM

The Bank of England will announce its interest rate decision today.

SHANGHAI, Feb. 4 (SMM) – The Bank of England will announce its interest rate decision today, and the number of US initial jobless claims will also be released today. The US dollar index is expected to receive little boost from these economic indicators. LME lead is expected to consolidate between USD 1,770-1,800/mt today. SHFE 1603 lead will edge up to RMB 13,680-13,880/mt today.

See forecast for other base metals, please click: Shanghai Base Metal Price to Keep Firm ahead of Holiday, SMM Says

Spot lead prices will rise to RMB 13,900-14,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-4)

SHFE lead prices

LME lead prices

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Shanghai Lead to Climb (2016-2-4)

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