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LME lead prices to average $2350 by Q4. 2014: Barclays

Posted on 17 September 2013

Strong fundamentals, deficit forecast based on International Lead Zinc Group (ILZG) data could push LME lead prices to average $2350 per ton, according to a weekly report by Barclays Research.
Investors should use sub-$2100 movest to build long positions in line with sustained tightening of fundamentals, it added. LME/SHFE price ratio remains firmly at levels which weighs against importing concentrate despite relatively higher international market. Lead seems to be in deficit market as per ILZG data as well as visible stock trends, the report added………………………………………..Full Article: Source


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