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SHFE Lead to Hold Upward Momentum (2017-5-25)
May 25, 2017 09:36LME lead will trade at USD 2,060-2,090/mt and SHFE 1707 lead will move at RMB 15,750-16,000/mt.
SHANGHAI, May 25 (SMM) – LME lead will drop slightly on Thursday with price range at USD 2,060-2,090/mt. SHFE 1707 lead will keep rising on Thursday and will move at RMB 15,750-16,000/mt with support at the 5 and 10-day moving averages.
In China’s domestic market, spot lead should rise RMB 50/mt and trade at RMB 15,700-15,850/mt on Thursday.
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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