LME Lead to Inch Up (2016-6-29)

Published: Jun 29, 2016 09:39

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LME lead will grow to USD 1,720-1,740/mt during Asian trading hours Wednesday.

SHANGHAI, Jun. 29 (SMM) – LME lead will grow to USD 1,720-1,740/mt during Asian trading hours Wednesday.

Markets expect US personal income and existing home sales for May, which may be negative. This will weigh on US dollar.

SHFE 1608 lead will hover between RMB 12,900-13,100/mt on Jun. 29. In China’s spot market, downstream buyers favor term purchase with limited orders at the month’s end. Spot lead should trace SHFE lead up to RMB 12,700-12,800/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-29)

LME lead price forecast SHFE lead prices Pb prices

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