SHFE Lead to Remain Weak (2017-5-18)

SHANGHAI, May 18 (SMM) – LME lead rallied from lows but met strong resistance from the moving averages. The contract will trade at USD 2,095-2,125/mt on Thursday. SHFE 1706 lead found support at RMB 15,500/mt and will move at RMB 15,650-15,850/mt on Thursday.

In China’s domestic market, spot lead should drop RMB 25/mt and trade at RMB 15,650-15,800/mt on Thursday.