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Home / Metal News / LME Lead to Ease from Softer Dollar (2016-7-28)

LME Lead to Ease from Softer Dollar (2016-7-28)

Jul 28, 2016 09:32

Source:SMM

LME lead will range between USD 1,785-1,805/mt during Asian trading hours Thursday.

SHANGHAI, Jul. 28 (SMM) – LME lead will range between USD 1,785-1,805/mt during Asian trading hours Thursday.

Eyes will be US initial jobless claims in the week ending July 23, which may be higher than prior level. This will weigh in US dollar.

SHFE 1609 lead will hover between RMB 13,550-13,750/mt on Jul. 28. In China’s spot market, cargo holders hold back sales. Downstream buyers favor term purchase and trading will stay dull. Spot lead should trace SHFE lead down to RMB 13,250-13,400/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-28)

LME lead prices

SHFE lead prices

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