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LME Lead to Stay Range-Bound (2016-8-19)
Aug 19,2016 09:19CST
price review forecast
Source:SMM
LME lead will narrowly range USD 1,885-1,905/mt during Asian trading hours Friday.

SHANGHAI, Aug. 19 (SMM) – LME lead will narrowly range USD 1,885-1,905/mt during Asian trading hours Friday.

Eyes will be on movements of US dollar and crude oil.

SHFE 1609 lead will hover between RMB 13,750-13,950/mt on Aug. 19. In China’s spot market, traders rush to sell with large spot premiums. Downstream buyers do not accept high prices. Spot lead will rise to RMB 13,800-13,950/mt today. 


LME lead price
SHFE lead prices

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