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Home / Metal News / LME Lead to See Weak Trading Next Week, SMM expects

LME Lead to See Weak Trading Next Week, SMM expects

iconMay 13, 2016 15:59
Source:SMM
LME lead will stay weak and may test support at $ 1,680 per tonne next week, SMM lead analysts reckon.

SHANGHAI, May 13 (SMM) – LME lead will stay weak and may test support at $ 1,680 per tonne next week, SMM lead analysts reckon.

SHFE 1607 lead should fluctuate around 12,900 yuan per tonne. Technical indicators are negative while SHFE lead seek support from position closing by shorts.

Spot lead in China is expected to trade at 12,750-13,000 yuan per tonne. Transactions will remain sluggish. Producers will rush to sell with sufficient inventories while many downstream battery makers cut production, hurt by limited orders in off-season. Weak fundamentals will still pose pressure to lead prices. 

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

LME lead price forecast
SHFE lead prices
Pb prices

For queries, please contact William Gu at williamgu@smm.cn

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

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