LME Lead to Remain Range-Bound (2016-6-24)

Published: Jun 24, 2016 09:19

Save

LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Friday.

SHANGHAI, Jun. 24 (SMM) – LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Friday.

Market sentiment will be sensitive to the Brexit referendum result.

SHFE 1608 lead will hover between RMB 12,800-12,950/mt on Jun. 24. In China’s spot market, traders give their offers as usual while downstream purchase is limited and mainly work through inventories. Spot lead should trade at RMB 12,650-12,800/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-24)

LME lead price forecast SHFE lead prices Pb prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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