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Home / Metal News / LME Lead to Bounce back (2016-2-29)

LME Lead to Bounce back (2016-2-29)

Feb 29, 2016 09:34

Source:SMM

LME lead will return above USD 1,700/mt and range USD 1,720-1,750/mt during Asian trading hours Monday.

SHANGHAI, Feb. 29 (SMM) – LME lead will return above USD 1,700/mt and range USD 1,720-1,750/mt during Asian trading hours Monday.

Attention is turning to February CPI from euro zone and US January existing home sales. SHFE 1604 lead find support at RMB 13,600/mt and should hover between RMB 13,600-13,800/mt on Feb. 29. In China, spot lead cargo holders rush to sell while downstream purchase should be limited on the last trading day of Feb. Spot lead will trace SHFE lead up to RMB 13,800-13,950/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-29)

SHFE lead prices

LME lead price forecast

lead price

Pb Price

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

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LME Lead to Bounce back (2016-2-29)

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