SHFE Lead Finishes with Small Gains (2017-8-14)

The power rationing in Yunnan, Henan, and Hunan since July-August and the power rationing in Jiangxi and Guangxi in September are undoubtedly the current hot spots. According to a recent SMM survey, the power rationing in Jiangsu, Guangdong and other regions in China has continued. Since late September, the social inventory of lead ingots has declined due to the combined effects of losses, power rationing and environmental protection.

SMM expects lead inventory to stay low in the short term on tight supply and high consumption from downstream battery plants in June.

The price of SHFE lead surged to a two-month high on Monday May 7 due to tight supply and declining inventory.

LME lead will fluctuate at highs between USD 2,460-2,490/mt today.

LME lead will fluctuate at highs between USD 2,300-2,330/mt today.

International Lead & Zinc Study Group (ILZSG) reported Monday global lead supply deficit expanded to 91,000 tonnes during January-May, compared to 45,000 tonnes deficit in the same period of 2016, acc

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.

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.

SHFE 1708 lead opened at RMB 17,815/mt and closed at RMB 17,800/mt, up RMB 65/mt or 0.37%.

Motive battery supply is tight in China's market and will ease in mid and late June.