Three Signs Point to a Bottom-out of LME Lead

Three signs – falling inventories, rising open interest, and narrowing cash-to-3-month contango

BEIJING (SMM): Three signs – falling inventories, rising open interest, and narrowing cash-to-3-month contango – seem to herald a rally in LME lead, said Zhu Rongrong, an analyst with Shanghai Metals Market.

LME lead prices have risen for three trading days as of November 10, posting a 2% gain.

Courtesy: www.metal.com

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