LME Lead to Seek Support from Oil Prices (2016-5-25)

Price Review & Forecast 09:21:45AM May 25, 2016 Source:SMM

SHANGHAI, May 25 (SMM) – LME lead will n range USD 1,640-1,660/mt during Asian trading hours Wednesday.

US EIA crude oil inventories should drop significantly in the week ending May 22, supporting oil prices. This will boost lead prices.

SHFE 1607 lead will move between RMB 12,600-12,750/mt on May 25. In China’s spot market,  some smelters hold back sales and downstream demand is weak. Spot lead should trade at RMB 12,650-12,800/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-25)

Relative News

LME Lead to Seek Support from Oil Prices (2016-5-25)

Price Review & Forecast 09:21:45AM May 25, 2016 Source:SMM

SHANGHAI, May 25 (SMM) – LME lead will n range USD 1,640-1,660/mt during Asian trading hours Wednesday.

US EIA crude oil inventories should drop significantly in the week ending May 22, supporting oil prices. This will boost lead prices.

SHFE 1607 lead will move between RMB 12,600-12,750/mt on May 25. In China’s spot market,  some smelters hold back sales and downstream demand is weak. Spot lead should trade at RMB 12,650-12,800/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-25)