Home / Metal News / Nickel / LME Lead to Move Higher (2016-8-17)
LME Lead to Move Higher (2016-8-17)
Aug 17,2016 09:20CST
price review forecast
Source:SMM
LME lead will grow to USD 1,865-1,885/mt during Asian trading hours Wednesday.

SHANGHAI, Aug. 17 (SMM) – LME lead will grow to USD 1,865-1,885/mt during Asian trading hours Wednesday.

Eyes will be on US EIA report for the week ending August 15, which may be negative. This will boost base metal prices.

SHFE 1609 lead will fluctuate between RMB 13,450-13,650/mt on Aug. 17. In China’s spot market, traders rush to sell with expanded spot premiums. Downstream buyers will watch from the sidelines and favor term contracts. Spot lead will trade at RMB 13,650-13,750/mt today. 


LME lead price
SHFE lead prices
Pb Price

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news