Three Signs Point to a Bottom-out of LME Lead
Lead | 2014-11-13 04:00:24 | By Paul Ploumis
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