LME Lead to Set with Small Losses (2017-5-23)

SHANGHAI, May 23 (SMM) – LME lead will drop slightly on Tuesday with lack of support at the 5-day moving average, with price range at USD 2,090-2,130/mt. SHFE 1706 lead advanced to above the 5-day moving average and will move at 15,600-15,850/mt on Tuesday.

In China’s domestic market, spot lead should drop RMB 50/mt and trade at RMB 15,650-15,800/mt on Tuesday.