LME Lead to Move in a Tight Range (2017-3-7)

Published: Mar 7, 2017 09:56

Save

LME lead will trade at USD 2,200-2,260/mt on Tuesday and SHFE 1704 lead will move at RMB 17,800-18,450/mt.

SHANGHAI, Mar. 7 (SMM) – Attention should be on eurozone’s GDP in Q4 2016. LME lead will trade at USD 2,200-2,260/mt on Tuesday and SHFE 1704 lead will move at RMB 17,800-18,450/mt.

In China’s domestic market, downstream battery producers are expected to increase purchases. Spot lead should drop RMB 150/mt and trade at RMB 18,250-18,350/mt on Tuesday.

SHFE lead LME lead lead 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 for 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

12 hours ago

This week, primary and secondary smelter maintenance increased, and the weak supply-demand pattern persisted [Lead Futures Brief Review]

12 hours ago

13 hours ago

SHFE-Listed Non-Ferrous Metals Dominate China's Futures Market in 2025

[Lead Market Dynamics] In 2025, among the top ten products by delivery value in China's futures market, SHFE-listed products accounted for seven, and they were predominantly non-ferrous metals.

13 hours ago

East China Secondary Lead Smelter Delays Production Restart to July Due to Equipment Failure

[Secondary Lead Market Update] A secondary lead smelter in east China planned to resume production in mid-June, but suspended material feeding due to equipment failure discovered during furnace drying. It currently plans to resume material feeding and production in early to mid-July.

13 hours ago