SHANGHAI, Jun. 17 (SMM) – LME lead will narrowly range USD 1,690-1,710/mt during Asian trading hours Friday.
Attention is turning to Brexit referendum today and markets expect US May housing starts to be disappointing. Economic figures from US are mixed recently and US dollar hovers at highs.
SHFE 1608 lead fluctuate between RMB 12,770-12,900/mt on Jun. 17. In China’s spot market, downstream battery makers are rush to reduce inventories by sales promotion and thus show little buying interest. Spot lead should trade at RMB 12,650-12,800/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2016-6-17)
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