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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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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

SMM Comments

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SMM survey of 30 Chinese lead smelters shows that 57% of them see LME lead to grow above USD 1,900/mt this week and SHFE 1609 lead will challenge RMB 13,800/mt.

Jul 26, 2016 09:39

SMM Comments

SHFE Lead to Drift Higher (2016-7-22)

SHFE 1609 lead will edge up to RMB 13,250-13,450/mt on Jul. 22.

Jul 22, 2016 09:36

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 Hold above Moving Average (2016-1-22)

LME lead stays above the 5 and 10-day moving averages and should move between USD 1,620-1,650/mt during Asian trading hours Friday.

Jan 22, 2016 09:32

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

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 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

LME Lead to Test Support at $ 1,630 Next Week

LME lead is predicted to test support at $ 1,630 per tonne next week, SMM reckons.

Nov 6, 2015 16:10

SMM Insight

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

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

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