Lead Prices to Hold Firm Next Week, SMM Expects

Published: Sep 23, 2016 13:52

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From the technical side, LME lead should move at highs in the coming week and will fluctuate around $ 1,950 per tonne，SMM lead analysts reckon.

SHANGHAI, Sept. 23 (SMM) –From the technical side, LME lead should move at highs in the coming week and will fluctuate around $ 1,950 per tonne，SMM lead analysts reckon.

SHFE 1611 lead will likely challenge 14,770 yuan per tonne in the coming week with support from high spot premiums.

Spot lead in China is expected to trade at 14,300-14,700 yuan per tonne in the coming week. Spot supply will grow with some deliverable goods flowing into market. Downstream demand should be released in the coming week before the National Day Holiday from Oct. 1-7.

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LME lead price SHFE lead price Pb prices

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