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Lead Price to Stay Firm This Week, SMM Reports
Jun 19, 2017 15:27Source:SMM
LME lead will trade at$2,075-2,130 per tonne this week and SHFE 1707 lead will stay firm at 16,800-17,600 yuan per tonne.
SHANGHAI, Jun. 19 (SMM) - LME lead will trade at$2,075-2,130 per tonne this week and SHFE 1707 lead will stay firm at 16,800-17,600 yuan per tonne.
In China’s domestic market, spot lead should trade at 17,000-17,850 yuan per tonne.
TCs for Domestic Lead Concentrate to Inch Up amid Supply Increase, SMM Forecasts
Downstream battery producers will reduce raw material stock-building, but refined lead supply will remain tight, shoring up lead prices.
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SHFE lead
LME lead
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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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