SHANGHAI, Jun. 12 (SMM) – This week, LME lead will trade at $2,050-2,110 per tonne and SHFE 1707 lead will register firm movement at 16,500-17,100 yuan per tonne with strong support from the moving averages, SMM forecasts.
Downstream battery producers are active both in price inquiries and purchases, while primary lead smelters reported tightness in finished goods inventory. Most secondary lead smelter, cutting or halting output previously, will be hard to resume production this week.
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