SHANGHAI, Jul. 1 (SMM) – With positive technical indicators and expectation for loose macro environment, both LME and SHFE lead should move at highs next week, SMM lead group predict.
LME lead is forecast to challenge $ 1,800 per tonne and SHFE 1608 lead to test resistance at 13,300 yuan per tonne.
In China’s spot market, lead prices may follow SHFE lead up to 12,900-13,100 yuan per tonne next week. SHFE lead prices posted big gains last week while spot lead registered small rises. Hence, spot discounts in Shanghai trend to expand. With upcoming traditional peak-demand season in July, pessimistic sentiment eases slightly and leading battery firms reduce sales promotion activities, leading to hikes in battery prices.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
![Les attentes de hausse des taux de la Fed américaine s'intensifient, combinées au passage de la baisse à la hausse des stocks sociaux de lingots de zinc, le zinc SHFE chute sous pression [Revue des contrats à terme sur le zinc SMM]](https://imgqn.smm.cn/usercenter/TeRBO20251217171754.jpg)
