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SHFE Lead to Remain Weak (2017-5-18)
May 18, 2017 09:27Source:SMM
LME lead will trade at USD 2,095-2,125/mt on Thursday and SHFE 1706 lead will move at RMB 15,650-15,850/mt.
SHANGHAI, May 18 (SMM) – LME lead rallied from lows but met strong resistance from the moving averages. The contract will trade at USD 2,095-2,125/mt on Thursday. SHFE 1706 lead found support at RMB 15,500/mt and will move at RMB 15,650-15,850/mt on Thursday.
In China’s domestic market, spot lead should drop RMB 25/mt and trade at RMB 15,650-15,800/mt on Thursday.
SHFE lead
LME lead
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