LME Lead to Hover around $ 1,820 Next Week, SMM Predicts

Published: Aug 12, 2016 11:56

Save

LME lead may fluctuate around $ 1,820 per tonne next week with resistance at the 20-day moving average.

SHANGHAI, Aug. 12 (SMM) – LME lead may fluctuate around $ 1,820 per tonne next week with resistance at the 20-day moving average.

On the SHFE market, the September-delivery lead should challenge 14,000 yuan per tonne, supported by firm spot prices due to supply tightness.

Spot lead in China is expected to hold firm at 13,800-14,000 yuan per tonne. Supply will continue tightening because of environmental factor and tight concentrate supply. On the demand side, battery makers will grow operating rates further in peak season.

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

LME lead price SHFE lead prices Pb prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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