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Home / Metal News / SHFE Lead Faces Strong Pressure (2015-11-26)

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

Nov 26, 2015 09:46

Source:SMM

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

SHANGHAI, Nov. 26 (SMM) –SHFE 1601 lead faces strong resistance at the 20-day moving average and will range between RMB 12,400-12,600/mt.

The Russian-Turkey tension persists and lead prices get boost from crude oil prices. US financial market is closed on Thursday due to the Thanks Giving Day holiday.

See forecast for other base metals, please click:Base Metals Close with Gains Despite Strong Dollar, SMM Says

LME lead will hover between USD 1,590-1,620/mt during Asian trading hours Thursday. In China, spot supply declines due to transport disruption in Henan, hurt by local snowy weather. On the other hand, downstream buyers purchase to need. Hence, spot lead will grow to RMB 12,800-12,900/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-11-26)

SHFE lead price

LME lead price forecast

Pb Price

lead prices

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

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The power rationing in Yunnan, Henan, and Hunan since July-August and the power rationing in Jiangxi and Guangxi in September are undoubtedly the current hot spots. According to a recent SMM survey, the power rationing in Jiangsu, Guangdong and other regions in China has continued. Since late September, the social inventory of lead ingots has declined due to the combined effects of losses, power rationing and environmental protection.

Oct 22, 2021 15:34

Analysis

Lead Price in Fourth Quarter Will Be Higher Than Third Quarter, to Meet Resistance in Medium and Long Term

LME Lead Price to Hover at Lows (2017-10-23)

LME lead will fluctuate at highs between USD 2,460-2,490/mt today.

Oct 23, 2017 09:38

SMM Comments

LME Lead Price to Hover at Lows (2017-10-23)

China Motive Battery Market Reports Tight Supply, and to Ease in Mid and Late June, SMM Reports

Motive battery supply is tight in China's market and will ease in mid and late June.

Jun 14, 2017 10:02

SMM Insight

China Motive Battery Market Reports Tight Supply, and to Ease in Mid and Late June, SMM Reports

Average Operating Rate at 51 Chinese Battery Makers down to 62.12% in March, SMM Reports

Average operating rate at surveyed 51 Chinese lead-acid battery producers was 62.12% in March, up 3.35 percentage points MoM but down 4.41 percentage points YoY.

Apr 18, 2017 13:19

SMM Insight

Average Operating Rate at 51 Chinese Battery Makers down to 62.12% in March, SMM Reports

SHFE Lead Hardly to Rally with Nearing of 2017 Chinese New Year, SMM Expects

SHFE lead prices dropped on January 17 after one-week fluctuation. On January 17, SHFE 1703 lead dropped RMB 735/mt or 3.88% as of 14:32.

Jan 18, 2017 13:51

SMM Insight Industry

SHFE Lead Hardly to Rally with Nearing of 2017 Chinese New Year, SMM Expects

SHFE Lead Finishes with Gains (2017-1-11)

SHFE 1702 lead started at RMB 18,800/mt and finally ended at RMB 18,780/mt, up RMB 315/mt or 1.71%.

Jan 11, 2017 17:46

SMM Comments

SHFE Lead Finishes with Gains (2017-1-11)

SHFE Lead Remains on the Upward Track (2016-9-30)

LME lead will move at USD 2,055-2,075/mt today on Friday and SHFE 1611 lead will move at RMB 15,200-15,400/mt.

Sep 30, 2016 09:54

SMM Comments

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

LME Lead to Move in a Tight Range Next Week, SMM Predicts

LME lead is expected to see range-bound trading in the coming week following volatile movements in previous two weeks.

Sep 9, 2016 13:54

SMM Comments

97% China Lead Smelters Pessimistic over Lead Prices This Week, SMM Survey

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

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  Jun 12 - 13,2025
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  Jun 15 - 17,2025
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03
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SHFE Lead Faces Strong Pressure (2015-11-26)

SMM Events & Webinars

2025 (2nd) Global Renewable Metal Industry Chain Summit

2025 SMM ASEAN Automotive Supply Chain Conference

3rd Li-ion Battery Europe 2025