LME Lead to Stay Range-Bound (2016-3-21)

SHANGHAI, Mar. 21 (SMM) – LME lead will move in a tight range of USD 1,800-1,830/mt during Asian trading hours Monday.

Eyes will be on US February existing home sales and its monthly level, which should be mixed. US dollar index will hence stabilize. SHFE 1605 lead will be steady at RMB 13,550-13,700/mt on Mar. 21 and in China, lead smelters rush to sell while buyers favor secondary refined lead, leaving poor trading. Spot lead will be offered at RMB 13,550-13,650/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2016-3-21)