SHFE Lead to Outperform LME Lead (2016-2-22)

Published: Feb 22, 2016 09:48

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SHFE 1604 lead should outperform LME lead on Monday and will move between RMB 13,530-13,700/mt today.

SHANGHAI, Feb. 22 (SMM) – SHFE 1604 lead should outperform LME lead on Monday and will move between RMB 13,530-13,700/mt today.

See forecast for other base metals, please click:Shanghai Base Metal Prices to Advance, SMM Says

LME lead is predicted to range USD 1,720-1,750/mt during Asian trading hours today. In China’s spot market, downstream buyers will return to market one after another in the second week after Chinese New Year holiday and trading will pick up. Spot lead will trade at RMB 13,800-13,900/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-22)

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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