SHANGHAI, Mar. 22 (SMM) – LME lead should increase to USD 1,810-1,840/mt during Asian trading hours Tuesday.
Economic figures from euro zone are predicted to be mixed. SHFE 1605 lead fluctuates between the 10 and 20-day moving averages and will narrowly range RMB 13,560-13,720/mt on Mar. 22. Spot supply remains ample in China’s spot market while downstream purchase is poor. Spot lead will follow SHFE lead to stabilize at RMB 13,600-13,700/mt.