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Home / Metal News / LME Lead to Stay Weak amid Bearishness (2015-11-24)

LME Lead to Stay Weak amid Bearishness (2015-11-24)

Nov 24, 2015 09:56

Source:SMM

LME lead is predicted to move at lows between USD 1,550-1,580/mt during Asian trading hours Tuesday.

SHANGHAI, Nov. 24 (SMM) – LME lead is predicted to move at lows between USD 1,550-1,580/mt during Asian trading hours Tuesday.

See forecast for other base metals, please click: Shanghai Zinc and Lead to Outperform Others, SMM Says

Saudi Arabia government announced that it already adopted measures to stabilize crude oil prices, growing crude prices. But US dollar increased above 100, curbing base metals prices. Pessimistic sentiment prevails in market.

On the back of zinc cut news, SHFE 1601 lead will range between RMB 11,850-12,100/mt on Nov. 24. In China’s spot market, downstream buyers wait for further price falls and spot lead will settle at RMB 12,600-12,700/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-11-24)

LME lead price

SHFE lead price

Pb Price

lead price

base metal price forecast

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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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Jan 18, 2017 13:51

SMM Insight Industry

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SHFE Lead Ends with Gains (2016-9-20)

SHFE 1611 lead opened at RMB 14,430/mt and closed at RMB 14,475/mt, up RMB 255/mt or 1.79%.

Sep 20, 2016 17:48

SMM Comments

SHFE Lead Closes Lower (2016-9-12

SHFE 1610 lead started at RMB 14,075/mt and ended at RMB 13,835/mt, down RMB 290/mt or 2.05%.

Sep 12, 2016 18:03

SMM Comments

SHFE Lead Ends with Losses (2016-9-9)

SHFE 1610 lead started at RMB 14,140/mt and closed at RMB 14,145/mt, down RMB 60/mt or 0.42%.

Sep 9, 2016 18:37

SMM Comments

SHFE Lead Prices End with Small Losses (2016-8-22)

SHFE 1610 lead started at RMB 13,945/mt and then dropped to RMB 13,870/mt before finally ending at RMB 13,900/mt, down RMB 5/mt or 0.04%.

Aug 22, 2016 17:22

SMM Comments

SHFE Lead to Hold Firm (2016-8-22)

SHFE 1610 lead will stay strong and range RMB 13,800-14,000/mt on Aug. 22.

Aug 22, 2016 09:13

SMM Comments

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LME Lead to Stay Weak amid Bearishness (2015-11-24)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025