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Watch Out for Decline in Lead Prices This Week, SMM Warns
Aug 14, 2017 09:36Source:SMM
LME lead will likely drop this week with price range at $2,320-2,380 per tonne, SMM expects.
SHANGHAI, Aug. 14 (SMM) - LME lead will likely drop this week with price range at $2,320-2,380 per tonne, SMM expects.
SHFE 1709 lead will fluctuate between 18,800-19,500 yuan per tonne after staging technical corrections to around 19,000 yuan per tonne on August 11.
Primary Lead Inventory in Shanghai and Guangdong down 1,000 Tonnes Further, SMM Reports
Downstream battery producers are active in inquires but purchase based on orders. Finished goods inventories at primary lead smelters are low, and secondary lead market will remain in supply shortage due to strict environmental checks.
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SHFE 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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