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LME Lead to Lack Rising Strength (2016-6-13)

iconJun 13, 2016 09:50
Source:SMM
LME lead will see no upward momentum and will range USD 1,690-1,710/mt on Monday.

SHANGHAI, Jun. 13 (SMM) – LME lead will see no upward momentum and will range USD 1,690-1,710/mt on Monday.

Eyes will be on China’s annualized retails sales of consumer goods for May and rural fixed asset investment for May, which may be mixed.

SHFE 1607 lead will see weak trading and fluctuate between RMB 13,620-13,760/mt on Jun. 13. In China’s spot market, production reduces slightly due to maintenance at smelters while downstream consumption stays weak. Spot lead should drop marginally to RMB 13,650-13,750/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-6-13)

LME lead price forecast
SHFE lead prices
Pb prices

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