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LME Lead to Stay Range-Bound (2016-8-12)
Aug 12,2016 09:39CST
price review forecast
Source:SMM
LME lead will narrowly range USD 1,815-1,835/mt during Asian trading hours Friday.

SHANGHAI, Aug. 12 (SMM) – LME lead will narrowly range USD 1,815-1,835/mt during Asian trading hours Friday.

Eyes will be on China’s industrial data and US July PPI.

SHFE 1609 lead will fluctuate between RMB 13,750-13,950/mt on Aug. 12. In China’s spot market, supply stays tight and cargo holders hold back sales. Downstream buyers will watch from the sidelines. Spot lead will trade at RMB 13,700-13,850/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-8-12)

LME lead price
SHFE lead prices

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