LME Lead to Trade Widely (2017-10-11)

Price Review & Forecast 09:36AM Oct 11, 2017 Source:SMM

SHANGHAI, Oct. 11 (SMM) – On Wednesday, LME lead is expected to trade widely among intense struggles between longs and shorts, and the support at the USD 2,500/mt is not solid, with price range between USD 2,530-2,565/mt.

SHFE lead, meeting resistance at RMB 21,000/mt, will trade in the range of RMB 20,750-21,150/mt the same day, and spot price in China’s domestic lead market will trade between RMB 21,900-22,000/mt.

LME Lead to Trade Widely (2017-10-11)

Price Review & Forecast 09:36AM Oct 11, 2017 Source:SMM

SHANGHAI, Oct. 11 (SMM) – On Wednesday, LME lead is expected to trade widely among intense struggles between longs and shorts, and the support at the USD 2,500/mt is not solid, with price range between USD 2,530-2,565/mt.

SHFE lead, meeting resistance at RMB 21,000/mt, will trade in the range of RMB 20,750-21,150/mt the same day, and spot price in China’s domestic lead market will trade between RMB 21,900-22,000/mt.