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LME Lead to Set with Small Losses (2017-5-23)
May 23, 2017 09:26LME lead will move at USD 2,090-2,130/mt and SHFE 1706 lead will move at 15,600-15,850/mt on Tuesday.
SHANGHAI, May 23 (SMM) – LME lead will drop slightly on Tuesday with lack of support at the 5-day moving average, with price range at USD 2,090-2,130/mt. SHFE 1706 lead advanced to above the 5-day moving average and will move at 15,600-15,850/mt on Tuesday.
In China’s domestic market, spot lead should drop RMB 50/mt and trade at RMB 15,650-15,800/mt on Tuesday.
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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