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.