LME Lead to Stay Upward Momentum (2017-5-22)

Published: May 22, 2017 09:12
LME lead will maintain rising territory on Monday and SHFE 1706 lead will move at RMB 15,500-15,800/mt.

SHANGHAI, May 22 (SMM) – LME lead rallied from lows on Friday’s night trading. The contract will maintain rising territory on Monday and will trade at USD 2,090-2,130/mt. SHFE 1706 lead rebounded after finding support at lows and will move at RMB 15,500-15,800/mt on Monday.

In China’s domestic market, spot lead should rise RMB 250/mt and trade at RMB 15,750-15,850/mt on Monday.

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
Operating Rate of Primary Lead Smelters in Three Provinces Up 0.22% WoW last Week(March 22-26, 2026)
1 hour ago
Operating Rate of Primary Lead Smelters in Three Provinces Up 0.22% WoW last Week(March 22-26, 2026)
Read More
Operating Rate of Primary Lead Smelters in Three Provinces Up 0.22% WoW last Week(March 22-26, 2026)
Operating Rate of Primary Lead Smelters in Three Provinces Up 0.22% WoW last Week(March 22-26, 2026)
[SMM Lead Market Bulletin] This week (March 22-26, 2026), the average operating rate of primary lead smelters in three provinces was 62.81, up 0.22 percentage points WoW from the previous week's operating rate.
1 hour ago
Insufficient Upward Momentum, LME Lead Pulled Back After Rising [SMM Lead Morning Brief]
1 hour ago
Insufficient Upward Momentum, LME Lead Pulled Back After Rising [SMM Lead Morning Brief]
Read More
Insufficient Upward Momentum, LME Lead Pulled Back After Rising [SMM Lead Morning Brief]
Insufficient Upward Momentum, LME Lead Pulled Back After Rising [SMM Lead Morning Brief]
[SMM Lead Morning Comment: Insufficient Upward Momentum, LME Lead Pulled Back After Hitting a High] SMM, March 30: Last Friday, LME lead opened at $1,892/mt. After the opening, LME lead rose rapidly above $1,900/mt during the Asian session, but geopolitical tensions outside China remained prominent......
1 hour ago
Bullish and Bearish Factors Coexisted, Lead Prices Were Expected to Continue Fluctuating Rangebound [SMM Lead Morning Meeting Summary]
1 hour ago
Bullish and Bearish Factors Coexisted, Lead Prices Were Expected to Continue Fluctuating Rangebound [SMM Lead Morning Meeting Summary]
Read More
Bullish and Bearish Factors Coexisted, Lead Prices Were Expected to Continue Fluctuating Rangebound [SMM Lead Morning Meeting Summary]
Bullish and Bearish Factors Coexisted, Lead Prices Were Expected to Continue Fluctuating Rangebound [SMM Lead Morning Meeting Summary]
[SMM Lead Morning Meeting Summary: Bullish and Bearish Factors Coexist, Lead Prices Are Expected to Continue Fluctuating Rangebound] Iran said the Strait of Hormuz had been closed and that three container ships had been turned back. Recently, lead ingot inventory in China has been destocked, including inventory at smelters and in social warehouses, and lead prices have shown signs of stabilizing after the decline...
1 hour ago