LME Lead to Stay Weak (2016-2-24)

Published: Feb 24, 2016 09:42

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LME lead falls continuously and will remain weak between USD 1,700-1,730/mt during Asian trading hours Wednesday.

SHANGHAI, Feb. 24 (SMM) – LME lead falls continuously and will remain weak between USD 1,700-1,730/mt during Asian trading hours Wednesday.

A mixed bag of US economic figures is to be seen today, including February’s PMI and new home sales.

SHFE 1604 lead should be slow to drop and will range RMB 13,480-13,630/mt on Feb. 24 and cargo holders rush to sell while downstream bearish lead-acid battery makers hold a wait-and-see posture, leading to poor trading. Spot lead will be offered at RMB 13,750-13,850/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-24)

LME lead price forecast SHFE lead prices lead price Pb prices

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