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Home / Metal News / LME Lead to Hold Firm despite Stronger Dollar(2016-3-2)

LME Lead to Hold Firm despite Stronger Dollar(2016-3-2)

Mar 2, 2016 09:28

Source:SMM

LME lead will remain strong and move between USD 1,760-1,790/mt during Asian trading hours Wednesday.

SHANGHAI, Mar. 2 (SMM) – LME lead will remain strong and move between USD 1,760-1,790/mt during Asian trading hours Wednesday.

Attention will be paid to US February ADP employment figure and US dollar will go up, posing negative effect on base metals to some extent.

SHFE 1604 lead will range RMB 13,600-13,780/mt on Mar. 2 with support at the 5 and 10-day moving averages. Downstream buyers take a wait-and-see stand in Chinese spot market while cargo holders are eager to sell. As such, spot lead will trader at RMB 13,700-13,800/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-2)

LME lead price forecast

SHFE lead prices

lead price

Pb prices

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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LME Lead to Hold Firm despite Stronger Dollar(2016-3-2)

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