LME Lead to Move in a Tight Range (2016-5-3)

Published: May 3, 2016 09:34

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LME lead will move in a narrow range of USD 1,730-1,750/mt during Asian trading hours Tuesday.

SHANGHAI, May 3 (SMM) – LME lead will move in a narrow range of USD 1,730-1,750/mt during Asian trading hours Tuesday.

Markets expect Caixin China manufacturing PMI for April to beat forecast, which may offset negative effect from falling crude oil prices.

SHFE 1606 lead should hover between RMB 13,150-13,250/mt on May 3. Downstream lead-acid battery makers are still in slack season and demand for lead stays weak. Spot lead should trade at RMB 13,150-13,250/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-3)

LME lead price forecast SHFE lead prices Pb prices

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