LME Lead to Rally from Lows This Week, SMM Expects

Published: May 22, 2017 17:57 (GMT+8)

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LME lead will trade at $2,100-2,140 per tonne this week, and SHFE 1706 lead will move at 15,400-16,000 yuan per tonne.

SHANGHAI, May 22 (SMM) – Lead prices will rebound slightly after finding support at lows this week, SMM foresees.
LME lead will trade at $2,100-2,140 per tonne this week, and SHFE 1706 lead will move at 15,400-16,000 yuan per tonne.

Battery Inventory at Distributors down to Low Level on Off-Season, SMM Reports

SMM 2017 Lead & Zinc Summit: Where Lead Price to Go in the Rest of Year after Plunge?

Market participants are pessimistic toward lead prices, but downstream battery producers will have low-price goods replenishment demand in mid-May. Transaction will improve slightly as SHFE 1706 lead stabilizes at lows. Besides, output restriction in Henan will be continuing, shoring up lead prices.
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SHFE lead LME lead lead prices

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