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Home / Metal News / SHFE Lead Finds Support from 5-Day Moving Average (2015-12-25)

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

Dec 25, 2015 09:33

Source: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.

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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

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