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LME Lead to See Range-Bound Trading, SMM Forecasts
May 27, 2017 17:08Source:SMM
LME lead will trade at $2,050-2,120 per tonne and SHFE 1707 lead will fluctuate between 15,750-16,350 yuan per tonne.
SHANGHAI, May 27 (SMM) - LME lead, facing lack of upward strength, will trade at $2,050-2,120 per tonne in the coming week, SMM expects.
SHFE 1707 lead will fluctuate between 15,750-16,350 yuan per tonne with resistance at 16,000 yuan per tonne.
Transaction in China’s domestic market will improve in anticipation of rising downstream consumption.
SMM 2017 Lead & Zinc Summit: Lead Price to Up to 17,500 Yuan in Second Half of 2017
For news cooperation, please contact us by email: sallyzhang@smm.cn orservice.en@smm.cn.
SHFE lead
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For queries, please contact Michael Jiang at michaeljiang@smm.cn
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