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LME Lead to Strengthen (2017-5-11)
May 11, 2017 09:27Source:SMM
LME lead will strengthen on Thursday, with price range at USD 2,180-2,200/mt and SHFE 1706 lead, finding support at RMB 16,000/mt, will trade at RMB 16,100-16,300/mt.
SHANGHAI, May 11 (SMM) – LME lead moved above the 5-day moving average on Wednesday, and will strengthen on Thursday, with price range at USD 2,180-2,200/mt. SHFE 1706 lead advanced above the 5, 10, and 20-day moving averages on Wednesday’s night trading. The contract, finding support at RMB 16,000/mt, will trade at RMB 16,100-16,300/mt on Thursday.
In China’s domestic market, spot lead should drop RMB 25/mt and trade at RMB 16,050-16,150/mt on Thursday.
SHFE lead
LME lead
lead prices
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