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LME Lead Sets for Gains (2016-3-22)
Mar 22,2016 09:30CST
price review forecast
Source:SMM
LME lead should increase to USD 1,810-1,840/mt during Asian trading hours Tuesday.

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. 

Key Macroeconomic Indicators for Base Metal Prices (2016-3-22)

LME lead price forecast
SHFE lead prices
Pb prices

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