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Home / Metal News / SMM Lead Market Morning Review (2015-8-14)

SMM Lead Market Morning Review (2015-8-14)

Aug 14, 2015 09:33

Source:SMM

During Asian trading hours, LME lead started at USD 1,737/mt.

SHANGHAI, Aug. 14 (SMM) – During Asian trading hours, LME lead started at USD 1,737/mt. The People’s Bank of China said Thursday that there’s no basis for depreciation to persist and that it will step in to control large fluctuations. Therefore, LME lead soared to USD 1,760/mt but later fell to USD 1,724.5/mt, to end at USD 1,737.5/mt, slipping USD 2.5/mt. Trading volumes dropped 3,195 to 2,896 lots while positions grew 1,391 to 128,581. LME lead saw a decline of 1,275 mt to 203,975 mt in inventories.

LME lead should remain range-bound between USD 1,720-1,750/mt on Aug. 14. SHFE 1510 lead is predicted to range between RMB 13,250-13,350/mt and RMB 13,300-13,450/mt for spot lead.

LME lead price forecast

SHFE lead prices

Pb Price

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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 Finds Support from 5-Day Moving Average (2015-12-3)

LME lead is predicted to move in a range of USD 1,640-1,660/mt during Asian trading hours Thursday.

Dec 3, 2015 09:40

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

SMM Lead Market Morning Review (2015-10-27)

LME lead opened at USD 1,754.5/mt overnight and ranged between USD 1,745-1,767.5/mt amid mixed news.

Oct 27, 2015 09:16

SMM Comments

SMM Lead Market Morning Review (2015-10-15)

LME lead started at USD 1,777/mt overnight and moved around USD 1,770/mt during Asian trading hours.

Oct 15, 2015 09:19

SMM Comments

SMM Lead Market Morning Review (2015-10-14)

LME lead started at USD 1,800/mt on Tuesday and then headed for losses amid overall bearish sentiment.

Oct 14, 2015 09:24

SMM Comments

LME Lead to Move around $ 1,700 per tonne Next Week, SMM says

LME lead is expected to move around $ 1,700 per tonne next week, SMM lead analysts predict.

Sep 25, 2015 11:14

SMM Insight

SMM Lead Market Morning Review (2015-9-25)

LME lead started at USD 1,689/mt overnight and then moved stably around USD 1,690/mt.

Sep 25, 2015 10:29

SMM Comments

SMM Lead Market Morning Review (2015-9-22)

LME lead moved steadily in USD 1,670-1,680/mt after opening Asian trading hours at USD 1,678.5/mt.

Sep 22, 2015 10:56

SMM Comments

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SMM Lead Market Morning Review (2015-8-14)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

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