LME Lead to Consolidate at Highs (2016-7-5)

Published: Jul 5, 2016 09:13

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LME lead will remain at highs of USD 1,830-1,850/mt during Asian trading hours Tuesday.

SHANGHAI, Jul. 5 (SMM) – LME lead will remain at highs of USD 1,830-1,850/mt during Asian trading hours Tuesday.

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

SHFE 1608 lead will hover between RMB 13,150-13,350/mt on Jul. 5. In China’s spot market, investors take a wait-and-see stance and cargo holders give limited offers. Demand stays weak and trading is thin. Spot lead should fall to RMB 12,950-13,050/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-5)

LME lead price forecast SHFE lead prices Pb prices

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