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LME Lead to Set with Losses (2017-5-16)
May 16,2017 09:28CST
price review forecast
Source:SMM
LME lead will drop slightly on Tuesday and trade at USD 2,110-2,140/mt, and SHFE 1706 lead will drop sharply with price range at RMB 15,550-15,900/mt.

SHANGHAI, May 16 (SMM) – LME lead rallied slightly from lows but met strong resistance from the moving averages. LME lead will drop slightly on Tuesday and trade at USD 2,110-2,140/mt, and SHFE 1706 lead will drop sharply with price range at RMB 15,550-15,900/mt.

In China’s domestic market, spot lead should drop RMB 50/mt and trade at RMB 15,850-15,950/mt on Tuesday.

SHFE lead
LME lead
lead prices

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