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Home / Metal News / [Pb Price]SMM Lead Market Morning Review (2015-8-3)

[Pb Price]SMM Lead Market Morning Review (2015-8-3)

Aug 3, 2015 09:41

Source:SMM

Last Friday evening, LME lead closed down USD 15.5/mt or 0.9% at USD 1,699.5/mt.

SHANGHAI, Aug. 3 (SMM) – Last Friday evening, LME lead closed down USD 15.5/mt or 0.9% at USD 1,699.5/mt. Trading volumes were up 401 to 3,522 lots with positions down 468 to 130,373. LME lead inventories fell 1,525 mt to 21,875 mt.

China official manufacturing PMI for July came in at 50, below forecast. LME lead should stay range-bound between USD 1,685-1,715/mt today. SHFE 1510 lead will range between RMB 12,930-13,030/mt with upside resistance forming at RMB 13,000/mt and spot lead may fall to RMB 13,150-13,300/mt.

LME lead price forecast

SHFE lead prices forecast

spot lead price forecast

Pb Price

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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SMM survey of 30 Chinese lead producers reveals that 64% of them expect lead price to move in current level this week.

Mar 1, 2016 08:49

SMM Comments

LME Lead to Struggle around $ 1,700 Tonne Next Week

LME lead will likely struggle around $ 1,700 per tonne next week, SMM predicts.

Feb 26, 2016 15:50

SMM Insight

SHFE Lead Finds Support from 5-Day Moving Average (2015-12-3)

LME lead is predicted to move in a range of USD 1,640-1,660/mt during Asian trading hours Thursday.

Dec 3, 2015 09:40

SMM Comments

SHFE Lead Finds Support from 20-Day Moving Average (2015-12-1)

SHFE 1601 lead will find support from the 20-day moving average and move between RMB 12,600-12,750/mt on Dec. 1.

Dec 1, 2015 09:30

SMM Comments

LME Lead to Challenge $ 1,630 Next Week, SMM expects

LME lead is expected to break above $ 1,630 per tonne next week due to upbeat technical indicators, SMM lead analysts reckon.

Nov 27, 2015 15:09

SMM Insight

LME Lead Still Faces Pressure from Firm Dollar (2015-11-23)

LME lead is expected to move between USD 1,575-1,600/mt during Asian trading hours on the back of firm dollar.

Nov 23, 2015 10:04

SMM Comments

LME Lead to Remain on Downward Track in 2016 on Strong Dollar

LME lead is predicted to fall further to $ 1,500-2,000 per tonne in 2016 on the back of strong dollar, SMM lead analysts reckon.

Nov 17, 2015 11:43

SMM Insight

SMM Lead Market Morning Review (2015-10-27)

LME lead opened at USD 1,754.5/mt overnight and ranged between USD 1,745-1,767.5/mt amid mixed news.

Oct 27, 2015 09:16

SMM Comments

LME Lead to Find Solid Support at $ 1,700 per tonne Next Week, SMM predicts

LME lead should find solid support at $ 1,700 per tonne next week, SMM lead group reckons.

Oct 23, 2015 16:48

SMM Insight

SMM Lead Market Morning Review (2015-10-23)

LME lead once shot up to USD 1,782/mt due to improved market sentiment after starting at USD 1,740/mt overnight.

Oct 23, 2015 09:26

SMM Comments

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[Pb Price]SMM Lead Market Morning Review (2015-8-3)

SMM Events & Webinars

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit

2024 ASEAN Automotive Supply Chain