LME Lead to Stay Range-Bound (2016-8-12)

Published: Aug 12, 2016 09:39

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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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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