Lead Prices to Face Downward Pressure This Week, SMM Forecasts

SMM Insight 02:43PM Jul 17, 2017 Source:SMM

SHANGHAI, Jul. 17 (SMM) - LME lead, facing strong downward pressure, will keep falling to $2,250-2,310 per tonne this week, SMM expects.

SHFE 1708 lead will also drop slightly to 17,450-17,850 yuan per tonne.

High Temperature Shores Up Ignition Battery Demand, SMM Surveys

High Temperature Affects Production at Lead Smelters, SMM Says

Primary lead smelters supply goods mainly for term-contracts, leading to tight supply for spot transaction. As secondary refined lead output is restricted by high temperature, secondary lead smelters sell goods at high prices. Traders sell goods based on market condition, and downstream distributors may replenish stocks in the coming week, improving demand.

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

Key Words:  SHFE lead  LME lead  lead prices 

Lead Prices to Face Downward Pressure This Week, SMM Forecasts

SMM Insight 02:43PM Jul 17, 2017 Source:SMM

SHANGHAI, Jul. 17 (SMM) - LME lead, facing strong downward pressure, will keep falling to $2,250-2,310 per tonne this week, SMM expects.

SHFE 1708 lead will also drop slightly to 17,450-17,850 yuan per tonne.

High Temperature Shores Up Ignition Battery Demand, SMM Surveys

High Temperature Affects Production at Lead Smelters, SMM Says

Primary lead smelters supply goods mainly for term-contracts, leading to tight supply for spot transaction. As secondary refined lead output is restricted by high temperature, secondary lead smelters sell goods at high prices. Traders sell goods based on market condition, and downstream distributors may replenish stocks in the coming week, improving demand.

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

Key Words:  SHFE lead  LME lead  lead prices