SHFE Lead to Hold Upward Momentum (2017-5-25)_SMM

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Home / Metal News / Lead / SHFE Lead to Hold Upward Momentum (2017-5-25)

SHFE Lead to Hold Upward Momentum (2017-5-25)

May 25,2017 09:36

CST

price review forecast

Source:SMM

LME 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

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