Home / Metal News / LME Lead to Consolidate around USD 1,800/mt (2016-2-17)

LME Lead to Consolidate around USD 1,800/mt (2016-2-17)

iconFeb 17, 2016 09:44
LME lead is predicted to move between USD 1,785-1,815/mt during Asian trading hours Wednesday.

SHANGHAI, Feb. 17 (SMM) – LME lead is predicted to move between USD 1,785-1,815/mt during Asian trading hours Wednesday. 

See forecast for other base metals, please click:Rising Dollar to Weigh Down Base Metal Prices, SMM Says

Markets expect US January’s housing data and industrial output due for release today to be upbeat, which will likely sent US dollar up.

SHFE 1604 lead meets resistance at the 5-day moving average and should range RMB 13,520-13,720/mt on February 17. Few investors return to market and trading is left quiet. Spot lead should be offered at RMB 13,850-13,950/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-17)

LME lead prices
SHFE lead prices
Pb prices
lead price.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news