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Home / Metal News / LME Lead to Hold Firm (2016-3-3)

LME Lead to Hold Firm (2016-3-3)

iconMar 3, 2016 09:17
LME lead returns above USD 1,800/mt and will range between USD 1,790-1,820/mt during Asian trading hours Thursday.

SHANGHAI, Mar. 3 (SMM) – LME lead returns above USD 1,800/mt and will range between USD 1,790-1,820/mt during Asian trading hours Thursday.

US February composite PMI is due for release today. SHFE 1604 lead should fluctuate between RMB 13,700-13,850/mt on Mar. 3 with support at the 5 and 10-day moving averages. In China’s spot market, spot prices quote at highs and most buyers are shifted to secondary refined lead. Spot lead will move between RMB 13,700-13,850/mt. 

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

SHFE lead prices
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.

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