SHFE Lead to Remain on Downside Track Next Week

Published: Feb 19, 2016 15:25

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SHFE 1604 lead is predicted to still face downward pressure next week and should move between 13,250-13,620 yuan per tonne with poor technical indicators.

SHANGHAI, Feb. 19 (SMM) – SHFE 1604 lead is predicted to still face downward pressure next week and should move between 13,250-13,620 yuan per tonne with poor technical indicators.

LME lead will be vulnerable to the mark at $ 1,700 per tonne should profit-taking by longs continue next week.

In Chinese spot market, lead prices should be at 13,500-13,700 yuan per tonne due to limited purchase by downstream bearish buyers.

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LME lead price forecast SHFE lead prices lead price Pb prices

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