LME Lead Set for Gains (2016-7-4)

Published: Jul 4, 2016 09:14

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LME lead will increase to USD 1,845-1,865/mt during Asian trading hours Monday.

SHANGHAI, Jul. 4 (SMM) – LME lead will increase to USD 1,845-1,865/mt during Asian trading hours Monday.

Focus will be on US dollar and movements of other base metals today.

SHFE 1608 lead will inch higher to RMB 13,350-13,550/mt on Jul. 4. In China’s spot market, gains in spot lead are larger than in SHFE lead. Demand does not pick up significantly after entering traditional high-demand season. Trading will be still thin. Cargo holders will be eager to deliver goods to SHFE warehouses with fast growth in SHFE lead. Spot lead should trade at RMB 13,000-13,150/mt today.

LME lead price forecast SHFE lead prices Pb prices

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