SHFE Lead to Move in a Tight Range (2016-3-28)

SHANGHAI, Mar. 28 (SMM) – SHFE 1605 lead should narrowly range RMB 13,450-13,600/mt on March 28.

LME market will still be closed on Monday for the Easter Day. US March manufacturing PMI and personal consumption index will be released today and US dollar will continue rallies.

In China’s spot market, downstream demand remains poor and trading is sluggish. Hence, spot lead will be offered at RMB 13,500-13,650/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2016-3-28)