LME Lead to Face Pains from Firmer Dollar (2016-7-25)

Published: Jul 25, 2016 09:24

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LME lead will face pressure from stronger dollar and range USD 1,830-1,850/mt during Asian trading hours Monday.

SHANGHAI, Jul. 25 (SMM) – LME lead will face pressure from stronger dollar and range USD 1,830-1,850/mt during Asian trading hours Monday.

Eyes will be on movement of US dollar, which may impose pressure on base metals.

SHFE 1609 lead will hover between RMB 13,250-13,450/mt on Jul. 25 after falling below the 5-day moving average. In China’s spot market, lead holders are still optimistic and thus hold back sales. Downstream purchase increases slightly with coming peak season with most buyers still taking a wait-and-see stance. Trading will not improve markedly today. Spot lead should fall to RMB 12,950-13,100/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-25)

LME lead price forecast SHFE lead prices Pb prices

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