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Home / Metal News / Shanghai Spot Lead Sets for Losses (2016-2-18)

Shanghai Spot Lead Sets for Losses (2016-2-18)

iconFeb 18, 2016 09:52
Spot lead in China is predicted to drop to RMB 13,750-13,850/mt on Thursday.

SHANGHAI, Feb. 18 (SMM) – Spot lead in China is predicted to drop to RMB 13,750-13,850/mt on Thursday.

See forecast for other base metals, please click: Base Metals to Diverge in Shanghai, SMM Says

Cargo holders rush to sell and hold offers firm while most downstream buyers have not entered market, leaving trading to be sluggish.

Markets expect China’s PPI and CPI for January to be slightly better than December’ figures. LME lead heads for losses but finds support at the 20-day moving average and should range USD 1,740-1,775/mt during Asian trading hours today. SHFE 1604 lead should hover between RMB 13,370-13,570/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-2-18)

spot lead price
SHFE lead prices
lead price
Pb 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 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

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