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