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

Published: Dec 25, 2015 09:33

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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

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