SHANGHAI, Apr. 25 (SMM) – LME lead will range USD 1,770-1,790/mt during Asian trading hours Monday while SHFE 1606 lead should underperform LME lead and hover between RMB 13,340-13,490/mt.
Attention will be turning to US new home sales today. In China’s spot market, downstream buyers report poor demand due to weak orders in slack season. Thus, spot lead will trade at RMB 13,300-13,400/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-4-25)