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Home / Metal News / SHFE Lead to Move in a Tight Range (2016-3-28)

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

Mar 28, 2016 09:37

SHFE 1605 lead should narrowly range RMB 13,450-13,600/mt on March 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)

SHFE lead prices

LME lead price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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

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