LME Lead to See Weak Trading (2016-6-15)

Published: Jun 15, 2016 09:42

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LME lead will face downward pressure from stronger dollar and will hover between USD 1,670-1,690/mt during Asian trading hours Wednesday.

SHANGHAI, Jun. 15 (SMM) – LME lead will face downward pressure from stronger dollar and will hover between USD 1,670-1,690/mt during Asian trading hours Wednesday.

US May PPI is expected to improve over April’s level and this will push up US dollar.

SHFE 1608 lead will fall to RMB 12,670-12,800/mt on Jun. 15. In China’s spot market, downstream battery producers extend sales promotion to ease inventory pressure with trading still subdued. Spot lead should edge down to RMB 12,650-12,750/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-15)

LME lead price forecast SHFE lead prices Pb prices

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