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Where Lead Price Heads This Week? SMM Forecasts
Jul 10, 2017 17:45Source:SMM
LME lead will trade at $2,225-2,300 per tonne this week, and SHFE 1708 lead will fluctuate at 17,500-17,800 yuan per tonne.
SHANGHAI, Jul. 10 (SMM) - LME lead will trade at $2,225-2,300 per tonne this week, and SHFE 1708 lead will fluctuate at 17,500-17,800 yuan per tonne.
Falling Profit Dampens Production Enthusiasm of Secondary Lead Smelters, SMM Says
Stable production at lead smelters will lead to ample refined lead supply, and downstream battery producers will resume raw material purchases with easing of financial condition.
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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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