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Home / Metal News / [Pb Price]SMM Lead Market Morning Review (2015-8-7)

[Pb Price]SMM Lead Market Morning Review (2015-8-7)

Aug 7, 2015 09:54

Source:SMM

LME base metals remained weak on August 6. LME lead extended losses during Thursday evening session.

SHANGHAI, Aug. 7 (SMM) – LME base metals remained weak on August 6. LME lead extended losses during Thursday evening session, to fall to USD 1,696/mt and end at USD 1,705.5/mt, down by USD 9.5/mt or 0.55%. Trading volumes grew 261 to 3,489 lots but positions fell 1,899 to 126,277. LME lead stocks were down 2,300 mt to 212,800 mt.

LME lead is predicted to range between USD 1,690-1,710/mt today. SHFE 1510 lead should move between RMB 12,800-12,880/mt and RMB 13,100-13,250/mt for spot lead.

SHFE lead prices

LME 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

SHFE Lead Close down (Feb. 4, 2016)

SHFE 1603 lead opened at RMB 14,055/mt Thursday evening.

Feb 5, 2016 21:38

SMM Comments

Shanghai Lead to Remain High (2016-2-5)

US January non-farm employment slated for release today is expected to fell below December’s.

Feb 5, 2016 09:35

SMM Comments

Shanghai Lead to Climb (2016-2-4)

The Bank of England will announce its interest rate decision today.

Feb 4, 2016 10:47

SMM Comments

7% Chinese Investors Bearish toward Lead Price, SMM Survey

SMM surveyed 30 industry insiders with regard to lead price trends this week and found that 43% see lead price rise.

Feb 2, 2016 09:35

SMM Comments

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[Pb Price]SMM Lead Market Morning Review (2015-8-7)

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