Shanghai Lead to Remain High (2016-2-5)

Published: Feb 5, 2016 09:35

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US January non-farm employment slated for release today is expected to fell below December’s.

SHANGHAI, Feb. 5 (SMM) – US January non-farm employment slated for release today is expected to fell below December’s. LME lead is expected to consolidate between USD 1,780-1,810/mt today. SHFE 1603 lead will consolidate between RMB 13,850-14,050/mt today.

See forecast for other base metals, please click: Shanghai to See Positions down during Last Trading Day before Chinese Holiday, SMM Says

Spot lead prices will move between RMB 13,950-14,050/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-5)

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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