Non-ferrous
Non-ferrous
Base Metals
Photovoltaic
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsConsultingSHANGHAI, Jun. 6 (SMM) – LME lead will narrowly range USD 1,700-1,720/mt during Asian trading hours Monday.
US non-farm payrolls for May released last Friday indicate that US employment fell to a 6-year low and this almost kills expectation for rate hike in June. Us dollar index dropped rapidly.
SHFE 1607 lead will fluctuate between RMB 12,700-12,850/mt on Jun. 6. In China’s spot market, smelters hold back sales while downstream purchase is sluggish. Spot lead should be offered at RMB 12,700-12,800/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2016-6-6)
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn