SHFE Lead to Trade at Highs (2016-3-1)

Published: Mar 1, 2016 09:33

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SHFE 1604 lead will trade at highs of RMB 13,600-13,800/mt on Mar. 1 due to China’s pro-growth measures.

SHANGHAI, Mar. 1 (SMM) – SHFE 1604 lead will trade at highs of RMB 13,600-13,800/mt on Mar. 1 due to China’s pro-growth measures.

Eyes will be on US February Markit manufacturing PMI. LME lead will move between USD 1,740-1,770/mt during Asian trading hours Tuesday. In China, lead producers rush to sell while downstream buyers more favor secondary refined lead. As such, spot lead will quote at RMB 13,750-13,900/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-1)

SHFE lead prices LME lead price forecast lead price Pb prices

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