LME Lead to Mover in a Tight Range (2016-7-18)

Published: Jul 18, 2016 09:33

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LME lead will narrowly range USD 1,840-1,860/mt during Asian trading hours Monday.

SHANGHAI, Jul. 18 (SMM) –LME lead will narrowly range USD 1,840-1,860/mt during Asian trading hours Monday.

Eyes will be on the house price index in China’s large and medium-sized cities.

SHFE 1609 lead will stabilize at RMB 13,150-13,350/mt on Jul. 18. In China’s spot market, downstream demand shows sign of pick-up and volatile SHFE lead prices boost wait-and-see sentiment in market. Buyers will mainly purchase under term contracts, leaving trading muted. Spot lead should fall to RMB 12,900-13,050/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-18)

LME lead price forecast SHFE lead prices

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