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Home / Metal News / LME Lead Expected to Get Support at $ 1,700 per tonne Next Week

LME Lead Expected to Get Support at $ 1,700 per tonne Next Week

Oct 30, 2015 14:44

Source:SMM

LME lead has dropped below moving averages and will find solid support at $ 1,700 per tonne next week, Shanghai Metals Market foresees.

SHANGHAI, Oct. 30 (SMM) – LME lead has dropped below moving averages and will find solid support at $ 1,700 per tonne next week, Shanghai Metals Market foresees.

SHFE 1512 lead is expected to fall to 13,150-13,350 yuan per tonne should firmer dollar depress LME lead prices. Besides, sluggish demand in China will also drive down SHFE lead prices.

Spot lead in China will slide to 13,280-13,380 yuan per tonne citing supply growth and slack consumption.

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SMM survey of 30 Chinese lead producers finds that 97% of them see LME lead to fall below USD 1,700/mt this week and SHFE 1607 lead to test support at RMB 12,700/mt.

May 10, 2016 10:14

SMM Comments

LME Lead to Stay on Upside Track Next Week

LME lead will remain on the upside tract next week and should test resistance at $ 1,660 per tonne, SMM predicts.

Jan 22, 2016 15:13

SMM Insight

LME Lead to Challenge $ 1,630 Next Week, SMM expects

LME lead is expected to break above $ 1,630 per tonne next week due to upbeat technical indicators, SMM lead analysts reckon.

Nov 27, 2015 15:09

SMM Insight

LME Lead to Stay Range-Bound (2015-11-27)

LME lead will range between USD 1,625-1,655/mt during Asian trading hours Friday.

Nov 27, 2015 09:53

SMM Comments

SHFE Lead Faces Strong Pressure (2015-11-26)

SHFE 1601 lead faces strong resistance at the 20-day moving average and will range between RMB 12,400-12,600/mt.

Nov 26, 2015 09:46

SMM Comments

LME Lead Still Faces Pressure from Firm Dollar (2015-11-23)

LME lead is expected to move between USD 1,575-1,600/mt during Asian trading hours on the back of firm dollar.

Nov 23, 2015 10:04

SMM Comments

LME Lead Set for Further Losses Next Week

LME lead will remain on the downward track next week and should test support at $ 1,540 per tonne because of overall bearishness and poor technical indicators, SMM predicts.

Nov 20, 2015 17:08

SMM Insight

LME Lead to Remain on Downward Track in 2016 on Strong Dollar

LME lead is predicted to fall further to $ 1,500-2,000 per tonne in 2016 on the back of strong dollar, SMM lead analysts reckon.

Nov 17, 2015 11:43

SMM Insight

SMM Lead Market Morning Review (2015-11-16)

LME lead opened at USD 1,614/mt last Friday and ranged around USD 1,615/mt during Asian trading hours.

Nov 16, 2015 09:54

SMM Comments

LME Lead to Struggle around $ 1,600 per tonne Next Week

LME lead is predicted to test support at $ 1,600/mt next week on the back of poor technical indicators, Shanghai Metals Market reckons.

Nov 13, 2015 15:45

SMM Insight

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LME Lead Expected to Get Support at $ 1,700 per tonne Next Week

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2025 SMM ASEAN Automotive Supply Chain Conference

3rd Li-ion Battery Europe 2025