LME Lead to Stay Range-Bound (2016-5-13)

Published: May 13, 2016 09:15

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LME lead will narrowly range USD 1,700-1,720/mt during Asian trading hours Friday.

SHANGHAI, May 13 (SMM) – LME lead will narrowly range USD 1,700-1,720/mt during Asian trading hours Friday.

Markets expect US PPI to be upbeat, which may support dollar. This will weigh on base metals prices.

SHFE 1607 lead will move at RMB 12,850-13,000/mt on May 13. In China’s spot market, downstream demand stays weak and some smelters are unwilling to sell at large discounts after delivering goods to SHFE warehouses. Spot lead should trade at RMB 12,850-13,000/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-13)

LME lead price forecast SHFE lead prices Pb prices

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