Where Will Lead Head This Week? SMM Forecasts

Published: Jul 3, 2017 09:41

Save

LME lead will stay firm this week with price range at USD 2,270-2,310/mt, and SHFE 1708 lead will hover at RMB 17,600-18,200/mt.

SHANGHAI, Jul. 3 (SMM) - LME lead will stay firm this week with price range at USD 2,270-2,310/mt, SMM expects.

SHFE 1708 lead, having low chance to slump, will also fluctuate at highs, or keep rising this week. The contract will hover at RMB 17,600-18,200/mt.

Why Lead Price Skyrockets, Ignoring Weak Fundamentals? SMM Reports

In China’s market, downstream battery producers will restart raw material purchases after financial condition eased. However, refined lead market will hold supply shortage, with low inventories at primary lead smelters and stable production at secondary lead smelters.

Primary Lead Inventory in Shanghai and Guangdong Falls, SMM Reports

As such, spot lead price is expected to rise to RMB 17,600-18,100/mt this week, with secondary refined lead price at RMB 17,400-18,000/mt.

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

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

5 hours ago

PINACO reported strong 2025 results at the 2026 Employees’ Representative Conference

Southern Battery JSC (PINACO) held its 2026 Employees’ Representative Conference on March 30 in Ho Chi Minh City, reporting strong business performance for 2025. Revenue reached VND 4,259 billion, up 11% year-on-year, while export revenue rose 25% to VND 1,012 billion. Battery output increased 14% to 2,382 thousand kWh, and pre-tax profit hit VND 150 billion. The company also maintained stable employment and continued expanding its market share and export footprint.

5 hours ago

7 hours ago

Data: SHFE, DCE market movement (Apr 07)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 07 Apr , 2026

7 hours ago

Recovery Stalled, Supply-Demand Divergence: Secondary Lead Output Rebounded in March — Will Growth Hold in April?

In Q1 2026, China's secondary lead market navigated through turbulence amid holiday effects and industry difficulties. Following a sharp production decline of over 140,000 mt in February, the market saw a post-holiday recovery rebound in March, but the recovery fell short of expectations, with the industry mired in the dual constraints of "profit pressure and tight raw material supply." Looking ahead to April, although large smelters are expected to resume production in a concentrated manner……

7 hours ago