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Rising Momentum Wanes for LME Lead (2016-3-8)

Published: Mar 8, 2016 10:06
LME lead will be lacking in rising strength and will trade at highs of RMB 1,845-1,880/mt during Asian trading hours Tuesday.

SHANGHAI, Mar. 8 (SMM) – LME lead will be lacking in rising strength and will trade at highs of RMB 1,845-1,880/mt during Asian trading hours Tuesday.

Major reports are absent today and markets continue digesting positive news. SHFE 1605 lead will challenge RMB 13,900-14,100/mt and spot lead will trace SHFE lead up to RMB 13,850-13,950/mt despite poor trading. 

Key Macroeconomic Indicators for Base Metal Prices (2016-3-8)

LME lead price forecastlead prices

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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Rising Momentum Wanes for LME Lead (2016-3-8) - Shanghai Metals Market (SMM)