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LME Lead to Trade at Highs (2016-3-4)

Published: Mar 4, 2016 09:34
LME lead should hold firm and move between USD 1,820-1,850/mt during Asian trading hours Friday.

SHANGHAI, Mar. 4 (SMM) – LME lead should hold firm and move between USD 1,820-1,850/mt during Asian trading hours Friday.

Markets expect US February non-farm payrolls to be upbeat and US dollar index will thus go up. SHFE 1604 lead will hover between RMB 13,800-13,950/mt on Mar. 4 and spot copper will be offered at RMB 13,750-13,900/mt supported by strong SHFE lead. 

Key Macroeconomic Indicators for Base Metal Prices (2016-3-4)

LME lead price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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