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SHFE Lead to Face Strong Resistance (2016-3-24)

iconMar 24, 2016 09:26
Source:SMM
SHFE 1605 lead will meet strong resistance at moving averages and thus move between RMB 13,470-13,620/mt on Mar. 24.

SHANGHAI, Mar. 24 (SMM) – SHFE 1605 lead will meet strong resistance at moving averages and thus move between RMB 13,470-13,620/mt on Mar. 24.

US dollar will likely trade at highs. LME lead will range USD 1,770-1,800/mt during Asian trading hours Thursday. In China’s spot market, spot supply stays ample while downstream purchase is poor. Spot lead will quote at RMB 13,550-13,650/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-3-24)

SHFE lead prices
LME lead price forecast
Pb prices

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