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SHFE Lead Finds Support from 5-Day Moving Average (2015-12-25)

iconDec 25, 2015 09:33
SHFE 1602 lead is expected to find support from the 5-day moving average and move between RMB 13,020-13,170/mt on Dec. 25.

SHANGHAI, Dec. 25 (SMM) – SHFE 1602 lead is expected to find support from the 5-day moving average and move between RMB 13,020-13,170/mt on Dec. 25.

See forecast for other base metals, please click:Shanghai to See Base Metal Price Rising Year-End, SMM Says

Spot supply remains tight in China and downstream buying interest weakens late Dec. Thus, spot lead will move between RMB 13,150-13,250/mt. 

Key Macroeconomic Indicators for Base Metal Prices (2015-12-25)

SHFE lead price
lead prices
Pb prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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