SHANGHAI, May 20 (SMM) – Lead prices will experience a correction in the short term but rally again in the fourth quarter, SMM analyst Zhu Rongrong said at the 2015 SMM Lead&Zinc Summit May 13-15.
With Chinese smelters resuming production and demand downstream waning, lead prices will face a correction following rapid climbs earlier, Zhu explained at the meeting.
However, she predicted that lead market will witness a 36,000-tonne deficit this year which may allow prices to rise again in Q4.
Lead inventories in Shanghai and Guangdong have fallen to about 110,000 tonnes in May, a low last seen in 2012, SMM data indicate.
“We see China’s spot lead prices to move at 13,000-14,200 yuan per tonne this year, and London Metal Exchange lead at $1,900-2,200 per tonne,” Zhu said.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
![High Copper Prices and Weakening Demand Dampen Production Enthusiasm at Copper Cathode Rod Enterprises [SMM Analysis]](https://imgqn.smm.cn/usercenter/TlzAr20251217171709.jpg)
![Giá năng lượng tăng vọt làm gia tăng lo ngại lạm phát, đồng USD mạnh lên kéo giá đồng đi xuống [Bình luận sáng về đồng của SMM]](https://imgqn.smm.cn/usercenter/vcsIC20251217171710.jpg)
