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LME Lead to Find Support (2017-6-1)

Published: Jun 1, 2017 09:39
LME lead will move at USD 2,100-2,130/mt on Thursday and SHFE 1707 lead will fluctuate between RMB 15,850-16,200/mt.

SHANGHAI, Jun. 1 (SMM) – LME lead increased on Wednesday’s night trading and found support at the 5 and 10-day moving averages. The contract will move at USD 2,100-2,130/mt on Thursday. SHFE 1707 lead will fluctuate between RMB 15,850-16,200/mt.

In China’s domestic market, spot lead should rise RMB 25/mt and trade at RMB 15,950-16,050/mt on Thursday.

SHFE leadLME leadlead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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LME Lead to Find Support (2017-6-1) - Shanghai Metals Market (SMM)