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

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Home / Metal News / Copper / [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

CST

price review forecast

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

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LME lead will face downward pressure due to firmer dollar and fluctuate between USD 1,780-1,800/mt during Asian trading hours Friday.

Aug 5, 2016 09:27 timezone

CST

price review & forecast

SHFE Lead to Move at Highs (2016-8-1)

SHFE 1609 lead will remain at highs of RMB 13,750-13,950/mt on Aug. 1.

Aug 1, 2016 09:13 timezone

CST

price review & forecast

Most Lead Smelters in China Optimistic over Lead Prices This Week, SMM Survey

SMM survey of 30 Chinese lead smelters shows that 57% of them see LME lead to grow above USD 1,900/mt this week and SHFE 1609 lead will challenge RMB 13,800/mt.

Jul 26, 2016 09:39 timezone

CST

price review & forecast

SHFE Lead to Drift Higher (2016-7-22)

SHFE 1609 lead will edge up to RMB 13,250-13,450/mt on Jul. 22.

Jul 22, 2016 09:36 timezone

CST

price review & forecast

SHFE Lead to Mover Higher (2016-7-15)

SHFE 1609 lead will grow to RMB 13,250-13,450/mt on Jul. 15.

Jul 15, 2016 09:22 timezone

CST

price review & forecast

LME and SHFE lead to Hover at Highs Next Week, SMM Says

With positive technical indicators and expectation for loose macro environment, both LME and SHFE lead should move at highs next week, SMM lead group predict.

Jul 1, 2016 15:48 timezone

CST

smm insight

LME Lead to Move in a Tight Range (2016-6-23)

LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Thursday.

Jun 23, 2016 09:27 timezone

CST

price review & forecast

LME Lead to Stay Range-Bound (2016-6-22)

LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Wednesday.

Jun 22, 2016 09:27 timezone

CST

price review & forecast

LME Lead to Move Higher (2016-6-20)

LME lead will inch higher to USD 1,695-2,-015/mt during Asian trading hours Monday.

Jun 20, 2016 09:49 timezone

CST

price review & forecast

SHFE Lead to Face Weakness (2016-5-26)

SHFE 1607 lead will remain weak and move between RMB 12,600-12,750/mt on May 26.

May 26, 2016 09:47 timezone

CST

price review & forecast

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