LME Lead to See Range-Bound Trading (2017-6-12)-Shanghai Metals Market

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LME Lead to See Range-Bound Trading (2017-6-12)

Price Review & Forecast 09:24:43AM Jun 12, 2017 Source:SMM

SHANGHAI, Jun. 12 (SMM) – LME lead will trade at USD 2,090-2,130/mt on Monday. SHFE 1707 lead will move between RMB 16,730-17,050/mt with strong support from the moving averages, but there is a possibility for the contract to drop.

In China’s domestic market, spot lead should rise RMB 400/mt and trade at RMB 16,850-17,000/mt on Monday.

Key Words:  SHFE lead  LME lead  lead prices 

LME Lead to See Range-Bound Trading (2017-6-12)

Price Review & Forecast 09:24:43AM Jun 12, 2017 Source:SMM

SHANGHAI, Jun. 12 (SMM) – LME lead will trade at USD 2,090-2,130/mt on Monday. SHFE 1707 lead will move between RMB 16,730-17,050/mt with strong support from the moving averages, but there is a possibility for the contract to drop.

In China’s domestic market, spot lead should rise RMB 400/mt and trade at RMB 16,850-17,000/mt on Monday.

Key Words:  SHFE lead  LME lead  lead prices