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Home / Metal News / LME Lead to Rally from Lows This Week, SMM Expects

LME Lead to Rally from Lows This Week, SMM Expects

iconMay 22, 2017 17:57
Source:SMM
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.
For news cooperation, please contact us by email: sallyzhang@smm.cn orservice.en@smm.cn.

SHFE lead
LME lead
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For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

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