LME Lead to Move in a Tight Range (2016-2-23)

Published: Feb 23, 2016 09:54

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LME lead is expected to narrowly range USD 1,720-1,750/mt during Asian trading hours Tuesday.

SHANGHAI, Feb. 23 (SMM) – LME lead is expected to narrowly range USD 1,720-1,750/mt during Asian trading hours Tuesday.

Eyes will be on US February CCI and Germany’s GDP. SHFE 1604 lead finds support at the 5 and 10-day moving averages and will hover between RMB 13,630-13,800/mt today. There are offers in Chinese market but downstream buyers do not accept the high offers, leading to lackluster transactions. Spot lead will maintain at RMB 13,850-13,950/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-23)

LME lead price forecast SHFE lead prices lead price Pb prices

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