SMM Lead Market Morning Review (2015-8-17)

Published: Aug 17, 2015 09:17 (GMT+8)

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Market lacked major reports last Friday evening and LME base metals prices were mixed.

SHANGHAI, Aug. 17 (SMM) – Market lacked major reports last Friday evening and LME base metals prices were mixed. LME lead finally ended up USD 15/mt or 0.86% at USD 1,752.5/mt. Trading volumes were down 587 to 2,309 lots while positions grew 86 to 128,667. LME lead stocks decreased 1,875 mt to 202,100 mt.

Major reports are still absent on Aug. 17 and this week will see another US Fed’s meeting. Market sentiment should stay cautious today. LME lead will range between USD 1,735-1,765/mt. SHFE 1510 lead may move between RMB 13,190-13,290/mt and spot lead may fall RMB 25/mt to RMB 13,250-13,400/mt.

SHFE lead prices forecast LME lead price forecast spot lead prices Pb Price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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