China Spot Lead to Climb Further (2016-4-14)
US March CPI and continued jobless claims, with market optimism prevailing in the market.
SHANGHAI, Apr. 14 (SMM) – US March CPI and continued jobless claims, with market optimism prevailing in the market. LME lead should hover between USD 1,740-1,760/mt today. SHFE 1606 lead should move between RMB 13,250-13,450/mt. Downstream buying interest weakened after sharp price gains. Spot lead in China should trade between RMB 13,300-13,450/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-4-14)
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