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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