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SHFE Lead to Set with Gains (2017-5-12)
May 12, 2017 09:31Source:SMM
LME lead will trade at USD 2,175-2,200/mt on Friday and SHFE 1706 lead will fluctuate between RMB 16,150-16,400/mt.
SHANGHAI, May 12 (SMM) – LME lead moved above the 5-day moving average and found support at USD 2,175/mt, but was still weighed by other moving averages. The contract will trade at USD 2,175-2,200/mt on Friday. SHFE 1706 lead advanced above the 5, 10 and 20-day moving averages on Thursday’s nigh trading and will fluctuate between RMB 16,150-16,400/mt on Friday.
In China’s domestic market, spot lead should drop RMB 25/mt and trade at RMB 16,050-16,150/mt on Friday.
SHFE lead
LME lead
lead prices
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