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DashboardDatabaseProReportsEventsCar InsightSHANGHAI, 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)
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