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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)

Feb 17, 2016 09:44

Source:SMM

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.

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

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