SHANGHAI, Mar. 31 (SMM) – LME lead meets resistance at the 60-day moving average and will range USD 1,720-1,745/mt during Asian trading hours Thursday.
Attention is turning to US last week’s continuing jobless claims and UK Q4 GDP. SHFE 1605 lead will drop to RMB 13,250-13,400/mt on Mar. 31.
Spot supply in Yunan and Guangxi tightens while downstream demand stays weak. Spot lead will thus trade at RMB 13,450-13,550/mt today.