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

Lead to See Weak Trading Next Week, SMM Says

Aug 26, 2016 12:18

Source:SMM

Both LME and SHFE lead will see weak trading in the coming week, Shanghai Metals Market reckons.

SHANGHAI, Aug.26 (SMM) – Both LME and SHFE lead will see weak trading in the coming week, Shanghai Metals Market reckons.

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LME lead will remain under downward pressure in the short run and will be sensitive to the 40-day moving average next week.

SHFE 1610 lead is expected to fluctuate between 13,800-14,000 yuan per tonne. Lead smelters will release goods to market following operation restart, growing spot supply. This will weigh on SHFE lead prices.

Spot lead in China should trade at 13,800-14,000 yuan per tonne. Spot prices will be damped by rising supply and end of high-demand season.

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Lead to See Weak Trading Next Week, SMM Says

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