LME Lead to See Range-Bound Trading, SMM Forecasts

SHANGHAI, May 27 (SMM) - LME lead, facing lack of upward strength, will trade at $2,050-2,120 per tonne in the coming week, SMM expects.

SHFE 1707 lead will fluctuate between 15,750-16,350 yuan per tonne with resistance at 16,000 yuan per tonne.

Transaction in China’s domestic market will improve in anticipation of rising downstream consumption.

SMM 2017 Lead & Zinc Summit: Lead Price to Up to 17,500 Yuan in Second Half of 2017

2017 Lead&Zinc Market Polling Results: Zinc Price to Move below 20,000 Yuan, and Lead Price to Trade at 15,000-17,500 Yuan

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