LME Lead to See Range-Bound Trading, SMM Forecasts

Published: May 27, 2017 17:08

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LME lead will trade at $2,050-2,120 per tonne and SHFE 1707 lead will fluctuate between 15,750-16,350 yuan per tonne.

SHANGHAI, May 27 (SMM) - LME lead, facing lack of upward strength, will trade at $2,050-2,120 per tonne in the coming week, SMM expects.

SHFE 1707 lead will fluctuate between 15,750-16,350 yuan per tonne with resistance at 16,000 yuan per tonne.

Transaction in China’s domestic market will improve in anticipation of rising downstream consumption.

SMM 2017 Lead & Zinc Summit: Lead Price to Up to 17,500 Yuan in Second Half of 2017

2017 Lead&Zinc Market Polling Results: Zinc Price to Move below 20,000 Yuan, and Lead Price to Trade at 15,000-17,500 Yuan

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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.

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