Shanghai Spot Lead to Climb (2016-4-20)

Published: Apr 20, 2016 09:29

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Gold surged with the entry of Chinese buyers, boosting base metals.

SHANGHAI, Apr. 20 (SMM) – Gold surged with the entry of Chinese buyers, boosting base metals. NYMEX crude oil prices returned to downward track after the strike by petroleum workers in Kuwait ended. LME lead should fall today. SHFE 1606 lead should move between RMB 71,500-73,000/mt. Downstream buyers will purchase modestly, and spot lead in China should rise to RMB 69,800-71,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-20)

SHFE lead prices LME lead 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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