SHANGHAI, May 18 (SMM) – LME lead rallied from lows but met strong resistance from the moving averages. The contract will trade at USD 2,095-2,125/mt on Thursday. SHFE 1706 lead found support at RMB 15,500/mt and will move at RMB 15,650-15,850/mt on Thursday.
In China’s domestic market, spot lead should drop RMB 25/mt and trade at RMB 15,650-15,800/mt on Thursday.

![상하이 선물거래소 연, 매수·매도 포지션 동반 증가하며 16,000선 위 고점에서 등락 [연 선물 단평]](https://imgqn.smm.cn/usercenter/LCtEk20251217171721.jpeg)

