SHFE Lead Set for Gains (2016-4-13)

Published: Apr 13, 2016 09:34

Save

SHFE 1605 lead should increase to RMB 13,200-13,400/mt on Apr. 13 with long strength gathering in market.

SHANGHAI, Apr. 13 (SMM) – SHFE 1605 lead should increase to RMB 13,200-13,400/mt on Apr. 13 with long strength gathering in market.

Markets will continue digesting news of large growth in crude oil and ferrous metals prices on Wednesday. LME lead will hover between USD 1,715-1,735/mt during Asian trading hours today. In China, cargo holders rush to sell while downstream purchase stays sluggish. Spot lead should trace SHFE lead up to RMB 13,300-13,400/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-13)

LME lead prices 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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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