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

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Home / Metal News / Aluminium / [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

CST

price review forecast

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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Lead price in China’s market has been rising since the beginning of 2016, and SHFE 1612 lead, the most active one, advanced to its daily upward limit on Oct. 25, the highest level since October 16, 20

Oct 25, 2016 15:50 timezone

CST

smm insight

China Lead Price to Keep Rising Momentum after Tuesday’s Surge, SMM Expects

SHFE Lead to Remain on the Upward Track (2016-9-2)

LME lead is predicted to range between USD 1,930-1,950/mt on Friday and SHFE 1610 lead to move at RMB 14,400-14,600/mt.

Sep 2, 2016 10:05 timezone

CST

price review & forecast

SHFE Lead Prices Up 3.97% (2016-9-1)

SHFE 1610 lead started at RMB 13,965/mt and ended at RMB 14,420/mt, up RMB 550/mt or 3.97%.

Sep 1, 2016 17:44 timezone

CST

price review & forecast

33% Market Players Negative Toward Lead Prices This Week, SMM Surveys

SMM survey of 30 Chinese lead smelters reveals that 33% of them see LME lead to drop below USD 1,843/mt this week and SHFE 1610 lead to fall below RMB 13,500/mt and test the 60-day moving average.

Aug 30, 2016 08:39 timezone

CST

price review & forecast

SHFE Lead Prices Up 0.07% (2016-8-26)

SHFE 1610 lead started at RMB 13,945/mt and ended at RMB 13,960/mt, up RMB 10/mt or 0.07%.

Aug 26, 2016 17:11 timezone

CST

price review & forecast

SHFE Lead Prices Up 0.36% (2016-8-24)

SHFE 1610 lead started at RMB 13,970/mt and ended at RMB 13,965/mt, up RMB 50/mt or 0.36%.

Aug 24, 2016 16:50 timezone

CST

price review & forecast

17% China Lead Smelters Optimistic over Lead Prices This Week, SMM Surveys

SMM survey of 30 Chinese lead smelters reveals that 17% of them see LME lead to rise above the 5-day moving average and challenge USD 1,900/mt this week.

Aug 23, 2016 09:07 timezone

CST

price review & forecast

LME Lead to Stay Range-Bound (2016-8-19)

LME lead will narrowly range USD 1,885-1,905/mt during Asian trading hours Friday.

Aug 19, 2016 09:19 timezone

CST

price review & forecast

LME Lead to Stay Range-Bound (2016-8-18)

LME lead will range USD 1,865-1,885/mt during Asian trading hours Thursday with stronger dollar.

Aug 18, 2016 09:21 timezone

CST

price review & forecast

LME Lead to Face Pains from Stronger Dollar (2016-8-5)

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

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