SHANGHAI, Oct. 24 (SMM) – Attention should be on Eurozone’s manufacturing index on Monday and US St. Louis Fed President James Bullard’s speech on US’s economy and monetary policy. LME lead is expected to move at USD 1,990-2,010/mt on Monday. SHFE 1612 lead dropped from highs on last Friday and is predicted to keep firm for the short term. The contract should range between RMB 15,600-15,800/mt on Monday.
In China’s domestic market, suppliers leave firm prices unchanged while downstream buyers purchase more low-grade lead, who expect prices to fall. Spot lead should trade at RMB 15,600-15,750/mt on Monday.
SHFE Lead to Remain Range-Bound Trading (2016-10-24)
LME lead is expected to move at USD 1,990-2,010/mt on Monday and SHFE 1612 lead should range between RMB 15,600-15,800/mt.
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
Related News
![Secondary Lead Raw Material Recycling Diverged, Secondary Crude Lead Supply Tightened and Prices Are Expected to Remain Firm in the Future [SMM Scrap Battery & Secondary Crude Lead Weekly Review]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)
Mar 27, 2026 16:48
Secondary Lead Raw Material Recycling Diverged, Secondary Crude Lead Supply Tightened and Prices Are Expected to Remain Firm in the Future [SMM Scrap Battery & Secondary Crude Lead Weekly Review]
Read More
Secondary Lead Raw Material Recycling Diverged, Secondary Crude Lead Supply Tightened and Prices Are Expected to Remain Firm in the Future [SMM Scrap Battery & Secondary Crude Lead Weekly Review]
Mar 27, 2026 16:48
![Downstream Enterprises Bought the Dip, and Primary Lead Enterprise Plant Inventory Continued to Decline [SMM Weekly Review of Primary Lead Inventory]](https://imgqn.smm.cn/usercenter/hrxHx20251217171721.jpeg)
Mar 27, 2026 16:30
Downstream Enterprises Bought the Dip, and Primary Lead Enterprise Plant Inventory Continued to Decline [SMM Weekly Review of Primary Lead Inventory]
Read More
Downstream Enterprises Bought the Dip, and Primary Lead Enterprise Plant Inventory Continued to Decline [SMM Weekly Review of Primary Lead Inventory]
Mar 27, 2026 16:30
![SHFE Lead Closed Slightly Higher Intraday, Lead Prices Remained Volatile Amid the Tug-of-War Between Sellers and Buyers [Brief Commentary on Lead Futures]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
Mar 27, 2026 16:27
SHFE Lead Closed Slightly Higher Intraday, Lead Prices Remained Volatile Amid the Tug-of-War Between Sellers and Buyers [Brief Commentary on Lead Futures]
Read More
SHFE Lead Closed Slightly Higher Intraday, Lead Prices Remained Volatile Amid the Tug-of-War Between Sellers and Buyers [Brief Commentary on Lead Futures]
Mar 27, 2026 16:27
Related News
Secondary Lead Raw Material Recycling Diverged, Secondary Crude Lead Supply Tightened and Prices Are Expected to Remain Firm in the Future [SMM Scrap Battery & Secondary Crude Lead Weekly Review]
Mar 27, 2026 16:48
Downstream Enterprises Bought the Dip, and Primary Lead Enterprise Plant Inventory Continued to Decline [SMM Weekly Review of Primary Lead Inventory]
Mar 27, 2026 16:30
SHFE Lead Closed Slightly Higher Intraday, Lead Prices Remained Volatile Amid the Tug-of-War Between Sellers and Buyers [Brief Commentary on Lead Futures]
Mar 27, 2026 16:27
The Traditional Off-Season Is Approaching, and Downstream Enterprises Are Relatively Cautious in Procuring Raw Materials [SMM Lead-Acid Battery Market Weekly Review]
Mar 27, 2026 16:26