Home / Metal News / LME Lead to Move in a Tight Range (2016-8-10)

LME Lead to Move in a Tight Range (2016-8-10)

iconAug 10, 2016 09:25
LME lead will narrowly range USD 1,800-1,820/mt during Asian trading hours Wednesday.

SHANGHAI, Aug. 10 (SMM) – LME lead will narrowly range USD 1,800-1,820/mt during Asian trading hours Wednesday.

US this week’s EIA crude oil stocks may be positive, which will boost oil prices.

SHFE 16010 lead will fluctuate between RMB 13,650-13,850/mt on Aug. 10. In China’s spot market, cargo holders hold back sales. Downstream buyers will watch from the sidelines and mainly favor term purchase. Spot lead will drop to RMB 13,700-13,800/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-8-10)

LME lead price
SHFE lead prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news