LME Lead to Range Narrowly (2016-8-9)-Shanghai Metals Market

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LME Lead to Range Narrowly (2016-8-9)

Price Review & Forecast 09:32:48AM Aug 09, 2016 Source:SMM

SHANGHAI, Aug. 9 (SMM) – LME lead will narrowly range USD 1,775-1,795/mt during Asian trading hours Tuesday.

Focus will be on China’s CPI and PPI today.

SHFE 1609 lead will fluctuate between RMB 13,800-14,000/mt on Aug. 9. In China’s spot market, cargo holders will give price as usual and market supply remains tight. Downstream buyers will watch from the sidelines and mainly favor term purchase. Spot lead will trade at RMB 13,750-13,900/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-8-9)         

LME Lead to Range Narrowly (2016-8-9)

Price Review & Forecast 09:32:48AM Aug 09, 2016 Source:SMM

SHANGHAI, Aug. 9 (SMM) – LME lead will narrowly range USD 1,775-1,795/mt during Asian trading hours Tuesday.

Focus will be on China’s CPI and PPI today.

SHFE 1609 lead will fluctuate between RMB 13,800-14,000/mt on Aug. 9. In China’s spot market, cargo holders will give price as usual and market supply remains tight. Downstream buyers will watch from the sidelines and mainly favor term purchase. Spot lead will trade at RMB 13,750-13,900/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-8-9)