SHANGHAI, Dec. 31 (SMM) – LME lead is predicted to trade at highs of USD 1,755-1,785/mt during Asian trading hours Thursday.
See forecast for other base metals, please click: Light Trading Expected in Last Trading Day of 2015, SMM Says
SHFE 1602 lead moves above all the moving averages and finds support at RMB 13,050/mt. The contract should move between RMB 13,030-13,180/mt on Dec. 31. In China’s spot market, downstream buyers halt purchase on the last trading day of 2015, leaving trading muted. Spot lead will trade at RMB 13,150-13,250/mt.
Key Macroeconomic Indicators for Base Metal Prices (2015-12-31)
