Home / Metal News /  / LME Lead to Move in a Tight Range (2016-6-23)
LME Lead to Move in a Tight Range (2016-6-23)
Jun 23,2016 09:27CST
price review forecast
Source:SMM
LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Thursday.

SHANGHAI, Jun. 23 (SMM) – LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Thursday.

Market sentiment will be sensitive to the Brexit referendum result.

SHFE 1608 lead will hover between RMB 12,800-12,950/mt on Jun. 23. In China’s spot market, trading remains quiet and downstream battery makers cut operation to ease inventory pressure. Traders sell as usual and demand is sluggish. Spot lead should trade at RMB 12,700-12,800/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-6-23)

LME lead price forecast
SHFE lead prices
Pb prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news