LME Lead to Face Pains (2016-3-30)

Published: Mar 30, 2016 09:48

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LME lead will face downward pressure and should hover between USD 1,725-1,750/mt during Asian trading hours Wednesday.

SHANGHAI, Mar. 30 (SMM) – LME lead will face downward pressure and should hover between USD 1,725-1,750/mt during Asian trading hours Wednesday.

SHFE 1605 lead will fluctuate between RMB 13,450-13,600/mt on Mar. 30. In China’s spot market, lead smelters rush to sell at the end of March while downstream buyers are unwilling to purchase with inventories on hand. Hence, spot lead will quote at RMB 13,500-13,600/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-30)

LME lead price forecast SHFE lead prices Pb prices

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

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