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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

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LME lead will remain under downward pressure and will range USD 1,660-1,680/mt during Asian trading hours Monday.

May 23, 2016 09:31

SMM Comments

LME Lead to Stay Range-Bound (2016-5-13)

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

May 13, 2016 09:15

SMM Comments

LME Lead to Face Resistance (2016-4-7)

LME lead will move between USD 1,705-1,725/mt during Asian trading hours Thursday with resistance at the 5-day moving average.

Apr 7, 2016 09:14

SMM Comments

LME Lead to Face Pains (2016-3-30)

LME lead will face downward pressure and should hover between USD 1,725-1,750/mt during Asian trading hours Wednesday.

Mar 30, 2016 09:48

SMM Comments

64% China Lead Producers Expect Stability for Lead Prices This Week, SMM Survey

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

LME Lead to Stay on Upside Track Next Week

LME lead will remain on the upside tract next week and should test resistance at $ 1,660 per tonne, SMM predicts.

Jan 22, 2016 15:13

SMM Insight

LME Lead to Remain at Highs (2016-1-4)

LME lead will still trade at highs of USD 1,770-1,800/mt during Asian trading hours Monday.

Jan 4, 2016 09:59

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

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

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SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025