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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)
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