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Home / Metal News / LME Lead to Stay Range-Bound (2015-11-27)

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

Nov 27, 2015 09:53

Source:SMM

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

SHANGHAI, Nov. 27 (SMM) –LME lead will range between USD 1,625-1,655/mt during Asian trading hours Friday.

US financial market will be closed three hours earlier on Friday and market sentiment keeps wary. Base metals prices will seek support from output cut news.

See forecast for other base metals, please click: Short-Covering Strength to Wane, with Aluminum and Nickel Stronger, SMM Says

SHFE 1601 lead will test resistance at RMB 13,000/mt on November 27 with resistance at the 40 and 60-day moving averages currently. In China’s spot market, downstream demand remains weak and trades will be limited late this month. Spot lead will quote at RMB 12,900-13,000/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-11-27)

LME lead price forecast

SHFE lead price

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

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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

SMM Comments

LME Lead to Stay Range-Bound (2016-5-13)

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

May 13, 2016 09:15

SMM Comments

LME Lead to Face Resistance (2016-4-7)

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

Apr 7, 2016 09:14

SMM Comments

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.

Feb 26, 2016 15:50

SMM Insight

SHFE Lead Falls 0.27% (Jan. 20, 2016)

SHFE 1603 lead started at RMB 13,010/mt for night trading Tuesday and once touched a high of RMB 13,055/mt.

Jan 20, 2016 18:05

SMM Comments

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.

Jan 4, 2016 09:59

SMM Comments

LME lead Set for Gains (2015-12-22)

LME lead will trade higher at USD 1,690-1,725/mt during Asian trading hours Tuesday owing to position opening by longs.

Dec 22, 2015 09:33

SMM Comments

SHFE Lead Finds Support from 20-Day Moving Average (2015-12-1)

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

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

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