SHANGHAI, Dec. 21 (SMM) - LME lead should meet resistance at the 60-day moving average and move between USD 1,650-1,685/mt during Asian trading hours Monday.
See forecast for other base metals, please click: Trading to Wane Ahead of Holidays, SMM Says
SHFE 1602 lead will range between RMB 12,830-12,960/mt on Dec. 21. In China, downstream lead-acid battery makers are gradually slow to purchase and spot supply tightens in many regions. Spot lead will increase to RMB 13,050-13,200/mt.