LME Lead Expected to Get Support at $ 1,700 per tonne Next Week

Published: Oct 30, 2015 14:44

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LME lead has dropped below moving averages and will find solid support at $ 1,700 per tonne next week, Shanghai Metals Market foresees.

SHANGHAI, Oct. 30 (SMM) – LME lead has dropped below moving averages and will find solid support at $ 1,700 per tonne next week, Shanghai Metals Market foresees.

SHFE 1512 lead is expected to fall to 13,150-13,350 yuan per tonne should firmer dollar depress LME lead prices. Besides, sluggish demand in China will also drive down SHFE lead prices.

Spot lead in China will slide to 13,280-13,380 yuan per tonne citing supply growth and slack consumption.

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LME lead price forecast SHFE lead prices forecast spot lead price forecast

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