LME Lead to See Range-Bound Trading (2016-7-26)-Shanghai Metals Market

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LME Lead to See Range-Bound Trading (2016-7-26)

Price Review & Forecast 09:22:22AM Jul 26, 2016 Source:SMM

SHANGHAI, Jul. 26 (SMM) – LME lead will narrowly range USD 1,830-1,850/mt during Asian trading hours Tuesday.

Eyes will be US Conference Board CCI for July, which may be below June’s level. This will depress US dollar.  

SHFE 1609 lead will hover between RMB 13,450-13,650/mt on Jul. 26. In China’s spot market, price offers by lead holders reduce in market owing to fast growth in SHFE lead. Most buyers still taking a wait-and-see stance. Trading will not improve markedly today. Spot lead should trace SHFE lead up to RMB 12,950-13,100/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-7-26) 

LME Lead to See Range-Bound Trading (2016-7-26)

Price Review & Forecast 09:22:22AM Jul 26, 2016 Source:SMM

SHANGHAI, Jul. 26 (SMM) – LME lead will narrowly range USD 1,830-1,850/mt during Asian trading hours Tuesday.

Eyes will be US Conference Board CCI for July, which may be below June’s level. This will depress US dollar.  

SHFE 1609 lead will hover between RMB 13,450-13,650/mt on Jul. 26. In China’s spot market, price offers by lead holders reduce in market owing to fast growth in SHFE lead. Most buyers still taking a wait-and-see stance. Trading will not improve markedly today. Spot lead should trace SHFE lead up to RMB 12,950-13,100/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-7-26)