LME Lead to Keep Rising Momentum This Week, SMM Foresees

May 2, 2017 14:42

LME lead will keep upward momentum this week, but the growth will slow down. SHEF 1706 lead will lack rising strength this week, hurt by quiet transaction in spot market.

SHANGHAI, May 2 (SMM) - LME lead will keep upward momentum this week, but the growth will slow down, SMM foresees, the conytact will trade at USD 2,170-2,250/mt.

SHEF 1706 lead will lack rising strength this week, hurt by quiet transaction in spot market. SMM expects SHFE 1706 lead to fluctuate at previous range level of RMB 15,900-16,500/mt this week.

As off-season is expected to continue, traders will give offers as usual while downstream battery producers will purchase based on orders and take wait-and-see stance. Demand and supply will remain poor, and transaction will not improve. Spot lead should trade at RMB 15,800-16,250/mt this week.

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

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

LME Lead to Keep Rising Momentum This Week, SMM Foresees

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025