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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.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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

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LME lead will remain under downward pressure and will range USD 1,660-1,680/mt during Asian trading hours Monday.

May 23, 2016 09:31

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LME lead will narrowly range USD 1,700-1,720/mt during Asian trading hours Friday.

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LME lead will move between USD 1,705-1,725/mt during Asian trading hours Thursday with resistance at the 5-day moving average.

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LME Lead to Face Pains (2016-3-30)

LME lead will face downward pressure and should hover between USD 1,725-1,750/mt during Asian trading hours Wednesday.

Mar 30, 2016 09:48

SMM Comments

64% China Lead Producers Expect Stability for Lead Prices This Week, SMM Survey

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.

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SMM Insight

LME Lead to Remain at Highs (2016-1-4)

LME lead will still trade at highs of USD 1,770-1,800/mt during Asian trading hours Monday.

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SMM Comments

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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

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

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Nov 23, 2015 10:04

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

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