Watch out for Lead Price Decline in Late June on Demand Decrease, SMM Warns-Shanghai Metals Market

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Watch out for Lead Price Decline in Late June on Demand Decrease, SMM Warns

SMM Insight 11:31:49AM Jun 23, 2017 Source:SMM

SHANGHAI, Jun. 23 (SMM) – There is a big chance for lead price to drop in the rest of June, and cargo holders are suggested to sell goods at high prices and reduce inventory on hand, SMM noted.

Lead Price, Can’t Withstand Supply Increase, be Hard to Sustain Firm Growth in July, SMM Forecasts

Downstream battery producers, which are rushed to purchase goods for two weeks in a row, report ample lead ingot inventory at present.

Refined Lead Supply to Increase after Restarts at Secondary Lead Smelters in Anhui, SMM Learns

This, couples with financial strain at month end and semi-year end, leads to a small possibility for battery producers to build large amounts of raw material stocks.

For news cooperation, please contact us by email: sallyzhang@smm.cn orservice.en@smm.cn.

Key Words:  SHFE lead  LME lead  lead prices 

Watch out for Lead Price Decline in Late June on Demand Decrease, SMM Warns

SMM Insight 11:31:49AM Jun 23, 2017 Source:SMM

SHANGHAI, Jun. 23 (SMM) – There is a big chance for lead price to drop in the rest of June, and cargo holders are suggested to sell goods at high prices and reduce inventory on hand, SMM noted.

Lead Price, Can’t Withstand Supply Increase, be Hard to Sustain Firm Growth in July, SMM Forecasts

Downstream battery producers, which are rushed to purchase goods for two weeks in a row, report ample lead ingot inventory at present.

Refined Lead Supply to Increase after Restarts at Secondary Lead Smelters in Anhui, SMM Learns

This, couples with financial strain at month end and semi-year end, leads to a small possibility for battery producers to build large amounts of raw material stocks.

For news cooperation, please contact us by email: sallyzhang@smm.cn orservice.en@smm.cn.

Key Words:  SHFE lead  LME lead  lead prices