Lead Prices to Face Downward Pressure This Week, SMM Forecasts

Published: Jul 17, 2017 14:43

Save

LME lead, facing strong downward pressure, will keep falling to $2,250-2,310 per tonne this week, and SHFE 1708 lead will also drop slightly to 17,450-17,850 yuan per tonne.

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

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 for 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

2 hours ago

[SHFE lead morning news] SHFE and LME pace slightly diverged, SHFE lead bucked the trend and shot up, closing with a long upper shadow

2 hours ago

Lead Prices Hold High Above 16,000 in Stalemate, Awaiting Directional Choice [SMM Lead Morning Meeting Minutes]

2 hours ago

16 hours ago

Rising Energy Costs and Falling By-product Revenue Squeeze Secondary Lead Smelter Profits

[Secondary lead production dynamics] According to an SMM survey, a secondary lead smelter in east China reported that smelting profits deteriorated this week, mainly dragged down by rising energy (coke) costs and declining by-product sulphuric acid revenue.

16 hours ago