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

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

Price Review & Forecast 09:54:45AM Aug 07, 2015 Source:SMM

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.

Price

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Aluminum Ingot
Oct.17
13960.0
80.0
(0.58%)
Aluminum Ingot - Fo Shan
Oct.17
13930.0
90.0
(0.65%)
Aluminum Ingot - Wu Xi
Oct.17
13980.0
90.0
(0.65%)
Aluminum Ingot - Hang Zhou
Oct.17
13985.0
80.0
(0.58%)
Aluminum Ingot - Chong Qing
Oct.17
13920.0
80.0
(0.58%)

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

Price Review & Forecast 09:54:45AM Aug 07, 2015 Source:SMM

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.