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.