LME Lead to See Range-Bound Trading (2016-7-6)

Published: Jul 6, 2016 09:23

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LME lead will narrowly range USD 1,810-1,830/mt during Asian trading hours Wednesday.

SHANGHAI, Jul. 6 (SMM) – LME lead will narrowly range USD 1,810-1,830/mt during Asian trading hours Wednesday.

Focus will be on US May trade data, which may be negative. This will slow gains in US dollar.

SHFE 1608 lead will hover between RMB 12,900-13,100/mt on Jul. 6. In China’s spot market, the traditional high-demand season comes while downstream demand is still weak. Cargo holders give offers as usual and wait-and-see sentiment dominates market. Spot lead should fall to RMB 12,800-12,900/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-6)

LME lead price forecast SHFE lead prices Pb prices

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