LME Lead to Test Support (2017-8-29)

Published: Aug 29, 2017 09:55

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LME lead will test support at the 40-day moving average and range USD 2,330-2,375/mt today.

SHANGHAI, Aug. 29 (SMM) –LME lead will test support at the 40-day moving average and range USD 2,330-2,375/mt today. The most active SHFE lead will move within RMB 18,900-19,450/mt, finding support from market fundamentals.

Spot lead will trade at RMB 19,200-19,300/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-29)

SHFE lead prices lead prices base metal price forecast

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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