Home / Metal News / LME Lead to Meet Resistance (2017-5-3)

LME Lead to Meet Resistance (2017-5-3)

iconMay 3, 2017 09:13
LME lead will move at USD 2,240-2,270/mt and SHFE 1706 lead will move at RMB 16,400-16,800/mt.

SHANGHAI, May 3 (SMM) – LME lead is weighed by the 40 and 60-day moving average and will meet resistance at USD 2,275/mt on Wednesday. The contract will move at USD 2,240-2,270/mt. Attention should be on eurozone’s FDP and US’s April ISM non-manufacturing PMI on Wednesday. SHFE 1706 lead will move at RMB 16,400-16,800/mt.

SHFE lead
LME lead
lead 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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All