SHFE Lead to Trade at Highs (2016-3-18)

Published: Mar 18, 2016 09:25

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SHFE 1605 lead will trade at highs of RMB 13,630-13,780/mt on Mar. 18.

SHANGHAI, Mar. 18 (SMM) – SHFE 1605 lead will trade at highs of RMB 13,630-13,780/mt on Mar. 18.

Attention is turning to US March CCI, which should improve over February’s level but US dollar index will be hard to go up. LME lead will hover between USD 1,810-1,840/mt during Asian trading hours Friday. In China’s spot market, transactions are lackluster and spot lead should trace SHFE lead to trade at RMB 13,600-13,700/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-18)

SHFE lead prices LME lead price forecast Pb prices

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