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

Jun 23, 2016 09:27

SMM Comments

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

SMM Comments

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 See Small Upside Room Next Week, SMM says

Any big gains in LME lead will be curbed by firmer dollar next week and LME lead should trade at highs $ 1,680-1,735 yuan per tonne despite upbeat technical indicators.

Dec 11, 2015 15:42

SMM Insight

Shanghai Lead Prices Set for Gains on Rising Demand (2015-12-7)

LME lead is expected to move at USD 1,665-1,695/mt during Asian trading hours Monday.

Dec 7, 2015 09:49

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 (2015-11-9)

LME lead started at USD 1,659.5/mt last Friday and moved around USD 1,660/mt during Asian trading hours and then moved lower to USD 1,640/mt.

Nov 9, 2015 09:56

SMM Comments

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

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo