LME Lead to Trade at High Next Week

SHANGHAI, Dec. 25 (SMM) – LME lead is expected to trade at high of $ 1,700-1,760 per tonne next week due to upbeat technical indicators and support at moving averages, SMM lead analyst predicts.

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SHFE 1602 lead should inch up slightly to 13,000-13,100 yuan per tonne owing to strong support at 13,000 yuan per tonne.

Spot lead in China should trade at 13,150-13,300 yuan per tonne with sluggish trading late December at year’s end. 

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#1 Lead Ingot(Pb99.994) 1 Month Chart