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Home / Metal News / Lead Prices Should Test Resistances at High Next Week (May 25-29, 2015)

Lead Prices Should Test Resistances at High Next Week (May 25-29, 2015)

May 22, 2015 16:49

Source:SMM

LME lead should test USD 1,980-2,000/mt next week because technical indicators point upward.

SHANGHAI, May 22 (SMM) - LME lead should test USD 1,980-2,000/mt next week because technical indicators point upward.

SHFE 1507 lead is expected to test resistance at RMB 13,500/mt as investors’ confidence picked up Friday and as technical indicators indicates price increase.

In China’s spot market, lead should trade at RMB 13,700-13,900/mt next week.

lead prices

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SHFE 1709 lead opened at RMB 18,555/mt and closed at RMB 18,425/mt, down RMB 15/mt or 0.08%.

Aug 3, 2017 17:16

SMM Comments

SHFE Lead Closes with Small Losses (2017-8-3)

Tight Supply Refrains Transaction in China Lead Market, SMM Reports

Traders in China's market had low price-making interest in response to low inventories, and firm price kept downstream battery producers at sidelines, resulting in sluggish trading.

Aug 3, 2017 14:08

SMM Comments Industry

Tight Supply Refrains Transaction in China Lead Market, SMM Reports

SHFE Lead Strengthens (2017-8-2)

SHFE 1709 lead opened at RMB 18,185/mt and ended at RMB 18,445/mt, up RMB 255/mt or 1.40%.

Aug 2, 2017 17:29

SMM Comments

LME Lead to Strength (2017-7-31)

LME lead will hover at USD 2,305-2,335/mt on Monday and SHFE 1709 lead will fluctuate between RMB 18,050-18,250/mt.

Jul 31, 2017 09:33

SMM Comments

Orders at Ignition Battery Producers See No Improvement, Despite of Rising End-User Demand, SMM Says

Orders at ignition battery producers saw no improvement in Zhejiang due to wary purchase sentiment of distributors.

Jul 26, 2017 17:59

Industry

Orders at Ignition Battery Producers See No Improvement, Despite of Rising End-User Demand, SMM Says

SHFE Lead Price Up 1.15% (2017-7-25)

SHFE 1709 lead, becoming the most actively trade one, opened at RMB 17,460/mt and closed at RMB 17,645/mt, up RMB 200/mt or 1.15%.

Jul 25, 2017 17:51

SMM Comments

Primary Lead Inventory in Shanghai and Guangdong to Rally This Week, SMM Expects

Primary lead inventory in Shanghai and Guangdong inched up 400 tonnes to 29,400 tonnes last week.

Jul 24, 2017 13:23

Industry SMM Comments

Primary Lead Inventory in Shanghai and Guangdong to Rally This Week, SMM Expects

WBMS: Global Lead Supply Remains in Deficit of 172,000 Tonnes in January-May 2017

Global lead market still reported supply deficit at 172,000 tonnes in the first five months of 2017, according to World Bureau of Metal Statistics (WBMS).

Jul 20, 2017 09:41

SMM Insight Industry

WBMS: Global Lead Supply Remains in Deficit of 172,000 Tonnes in January-May 2017

Macquarie Hikes Forecast for Base Metals in 2017 and 2018

Macquarie raised its forecast for most base metals in the next two years, wenhua.com reported.

Dec 20, 2016 14:09

Industry Reminder

Macquarie Hikes Forecast for Base Metals in 2017 and 2018

SHFE Lead Prices Up 0.36% (2016-12-8)

SHFE 1702 lead opened at RMB 20,595/mt and finally closed at RMB 20,775/mt, up RMB 75/mt or 0.36%.

Dec 8, 2016 17:55

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Lead Prices Should Test Resistances at High Next Week (May 25-29, 2015)

SMM Events & Webinars

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