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Home / Metal News / LME Lead to Stay Range-Bound (2016-2-16)

LME Lead to Stay Range-Bound (2016-2-16)

Feb 16, 2016 09:47

Source:SMM

LME lead will move in a tight range of USD 1,820-1,850/mt during Asian trading hours Tuesday with support at the 5-day moving average.

SHANGHAI, Feb. 16 (SMM) – LME lead will move in a tight range of USD 1,820-1,850/mt during Asian trading hours Tuesday with support at the 5-day moving average.

SHFE 1603 lead should test support from the 10-day moving average on February 16 with positive technical indicators. The contract should move between RMB 13,650-13,900/mt. Many traders return to market but downstream market stay quiet, leaving trading to be muted. Spot lead should trade at RMB 13,850-14,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-16)

LME lead prices

SHFE lead prices

Pb prices

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LME Lead to Stay Range-Bound (2016-2-16)

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