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LME Lead to Meet Downward Pressure (2017-5-15)

iconMay 15, 2017 09:10
LME lead will trade at USD 2,100-2,160/mt and SHFE 1706 lead will move between RMB 15,800-16,050/mt on Monday.

SHANGHAI, May 15 (SMM) – LME lead will meet downward pressure on Monday and will trade at USD 2,100-2,160/mt for the near term. SHFE 1706 lead will keep falling in a short term and will move between RMB 15,800-16,050/mt on Monday.

In China’s domestic market, spot lead should drop RMB 50/mt and trade at RMB 15,900-16,050/mt on Monday.

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.

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