LME Lead to Stay Range-Bound (2016-5-27)-Shanghai Metals Market

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LME Lead to Stay Range-Bound (2016-5-27)

Price Review & Forecast 09:40:10AM May 27, 2016 Source:SMM

SHANGHAI, May 27 (SMM) – LME lead will see range-bound trading of USD 1,660-1,680/mt during Asian trading hours Friday.

US Q1 annualized seasonal-adjusted actual GDP should be positive. This, coupled with statement from Yellen, will support dollar.

SHFE 1607 lead will move between RMB 12,650-12,800/mt on May 27. In China’s spot market, smelters hold offers firm. Demand still stays soft and buyers take a wait-and-see stance. Spot lead should trade at RMB 12,700-12,800/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-27)

LME Lead to Stay Range-Bound (2016-5-27)

Price Review & Forecast 09:40:10AM May 27, 2016 Source:SMM

SHANGHAI, May 27 (SMM) – LME lead will see range-bound trading of USD 1,660-1,680/mt during Asian trading hours Friday.

US Q1 annualized seasonal-adjusted actual GDP should be positive. This, coupled with statement from Yellen, will support dollar.

SHFE 1607 lead will move between RMB 12,650-12,800/mt on May 27. In China’s spot market, smelters hold offers firm. Demand still stays soft and buyers take a wait-and-see stance. Spot lead should trade at RMB 12,700-12,800/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-27)