LME Lead Set for Stability (2016-3-11)

Published: Mar 11, 2016 09:32

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LME lead is expected to stabilize at USD 1,815-1,840/mt during Asian trading hours Friday.

SHANGHAI, Mar. 11 (SMM) – LME lead is expected to stabilize at USD 1,815-1,840/mt during Asian trading hours Friday.

Markets should continue absorb news of QE expansion by the ECB. SHFE 1605 lead will narrowly range RMB 13,530-13,700/mt on Mar. 11 and in China, spot supply stays ample and downstream buyers more favor secondary refined lead. Hence, spot lead should be offered at RMB 13,550-13,650/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-11)

LME lead price forecast SHFE lead prices Pb 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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