SHANGHAI, Jun. 22 (SMM) – LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Wednesday.
Eyes will be on US May existing home sales, which may be positive. The Brexit referendum is nearing.
SHFE 1608 lead will hover between RMB 12,750-12,900/mt on Jun. 22. In China’s spot market, demand is still weak and traders are eager to sell. Spot lead should trade at RMB 12,700-12,800/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2016-6-22)