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LME Lead to Face Downward Pressure (2017-5-19)
May 19,2017 09:14
CSTprice review forecast
Source:SMM
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
For queries, please contact Frank LIU at liuxiaolei@smm.cn
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