LME Lead to Move in a Tight Range (2016-6-27)
SHANGHAI, Jun. 27 (SMM) – LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Monday.
Eyes will be profits at Chinese above-scale industrial enterprises for May.
SHFE 1608 lead will drift lower to RMB 12,700-12,850/mt on Jun. 27. In China’s spot market, downstream battery makers will still favor term purchase and demand weakens further at the end of June. Spot lead should trade at RMB 12,650-12,750/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2016-6-27)
LME lead price forecast
SHFE lead prices
Pb prices
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