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Home / Metal News / LME Lead to Face Downward Pressure (2017-5-19)

LME Lead to Face Downward Pressure (2017-5-19)

iconMay 19, 2017 09:14
LME lead will trade at USD 2,050-2,090/mt and SHFE 1707 lead will fluctuate at RMB 15,200-15,500/mt on Friday.

SHANGHAI, May 19 (SMM) – LME lead will trade at USD 2,050-2,090/mt on Friday. SHFE 1707 lead rallied from lows on Thursday, but will not keep rising with lack of upward strength. The contract will fluctuate at RMB 15,200-15,500/mt on Friday.

In China’s domestic market, spot lead should drop RMB 25/mt and trade at RMB 15,550-15,700/mt on Friday.

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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