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Home / Metal News / LME Lead Set for Further Losses Next Week

LME Lead Set for Further Losses Next Week

iconNov 20, 2015 17:08
Source:SMM
LME lead will remain on the downward track next week and should test support at $ 1,540 per tonne because of overall bearishness and poor technical indicators, SMM predicts.

SHANGHAI, Nov. 20 (SMM) – LME lead will remain on the downward track next week and should test support at $ 1,540 per tonne because of overall bearishness and poor technical indicators, SMM predicts.

See SMM Survey, please click: 63% Market Players Pessimistic Over Lead Prices This Week, SMM Survey

SHFE 1601 lead is expected to test support at 11,800 yuan per tonne next week. Strong rising strength will be needed should SHFE lead post a rally.

In China, spot lead will slide to 12,500-12,700 yuan per tonne next week with overall supply basically unchanged and low buying interest. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

LME lead price forecast
SHFE lead prices
China spot lead prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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