LME Lead to Face Downward Pressure (2017-6-7)

SHANGHAI, Jun. 7 (SMM) – LME lead will drop slightly on Wednesday with price rage at USD 2,060-2,095/mt. SHFE 1707 lead declined on Tuesday’s night trading after a 4-day growth and the contract will fluctuate between RMB 16,400-16,650/mt on Wednesday with support from the moving average but lacking of upward strength.

In China’s domestic market, spot lead should trade at RMB 16,350-16,450/mt on Wednesday.