LME Lead to Face Pressure from Firmer Dollar (2016-7-7)

Published: Jul 7, 2016 09:17

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LME lead will suffer pressure from stronger dollar and range USD 1,825-1,845/mt during Asian trading hours Thursday.

SHANGHAI, Jul. 7 (SMM) – LME lead will suffer pressure from stronger dollar and range USD 1,825-1,845/mt during Asian trading hours Thursday.

Focus will be on US initial jobless claims, which may be positive. This will boost US dollar.

SHFE 1609 lead will hover between RMB 13,050-13,250/mt on Jul. 7. In China’s spot market, downstream demand is still weak. Cargo holders give offers as usual and wait-and-see sentiment dominates market. Spot lead should trade at RMB 12,800-12,900/mt today.

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

LME lead price forecast SHFE lead prices

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