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)

iconMar 28, 2016 09:37
Source:SMM
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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All