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