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DashboardDatabaseProReportsEventsConsultingSHANGHAI, Jul. 1 (SMM) – LME lead will remain strong and range USD 1,780-1,800/mt during Asian trading hours Friday.
Markets expect China’s official manufacturing PMI for June to be positive. This will impose pressure on base metals.
SHFE 1608 lead will hover between RMB 13,100-13,300/mt on Jul. 1. In China’s spot market, supply is in surplus and downstream demand remains weak. Spot lead should trace SHFE lead up to RMB 12,800-12,900/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2016-7-1)
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