LME Lead to See Range-Bound Trading (2016-7-20)

Published: Jul 20, 2016 09:26

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LME lead will narrowly range USD 1,850-1,870/mt during Asian trading hours Wednesday.

SHANGHAI, Jul. 20 (SMM) – LME lead will narrowly range USD 1,850-1,870/mt during Asian trading hours Wednesday.

Focus will be on US EIA crude oil stocks for this week and movement of US dollar.

SHFE 1609 lead will hover between RMB 13,200-13,350/mt on Jul. 20. In China’s spot market, Cargo holders are optimistic while downstream buyers still take a wait-and-see stance, leaving trading muted. Spot lead should be offered at RMB 12,900-13,050/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-20)

LME lead price forecast SHFE lead prices

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