Lead prices set to keep falling

Shanghai Metals Market reported that lead prices are expected to continue their decline in the wake of China’s falling stock market and the Greek debt crisis.
As quoted in the publication:

Lead prices may post continued plunge amid the swoon in China’s stock market and lingering Greek debt crisis, SMM research team predicts.  SHFE 1508 lead has fallen by 4.5% following a four-day losing streak. SMM #1 lead prices also lost 300 yuan per tonne.“In fact, lead market fundamentals are not that bad,” SMM analyst noted, “primary lead smelter utilization rate hold low and tight raw material supply is still curbing secondary lead production.

Click here to read the full article.