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.