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Home / Metal News / Shanghai Lead Prices Set for Gains on Rising Demand (2015-12-7)

Shanghai Lead Prices Set for Gains on Rising Demand (2015-12-7)

Dec 7, 2015 09:49

Source:SMM

LME lead is expected to move at USD 1,665-1,695/mt during Asian trading hours Monday.

SHANGHAI, Dec. 7 (SMM) – LME lead is expected to move at USD 1,665-1,695/mt during Asian trading hours Monday.

US non-farm payrolls beat forecast, boosting expectation for rate hike in December. Also, crude oil prices went down, weighing on lead prices.

See forecast for other base metals, please click: Volatility at Lows to Grow in Base Metal Prices This Week, SMM Says

SHFE 1602 lead moved between the 40 and 60-day moving averages and will range between RMB 12,730-12,900/mt on Dec. 7. In China’s spot market, large lead-acid battery makers ramped up production for year’s target, growing demand and thus spot lead will increase to RMB 12,950-13,100/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-7)

LME lead price forecast

SHFE lead prices

lead prices

Pb prices

For queries, please contact William Gu at williamgu@smm.cn

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Aug 22, 2017 14:04

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Macquarie Hikes Forecast for Base Metals in 2017 and 2018

SHFE Lead to Find Support (2016-12-16)

LME lead is predicted to move between USD 2,300-2,350/mt on Friday and SHFE 1702 lead will range at RMB 20,000-20,500/mt.

Dec 16, 2016 09:40

SMM Comments

SHFE Lead Moves Lower (016-12-14)

SHFE 1702 lead opened at RMB 20,390/mt and finally closed at RMB 20,490/mt, down RMB 95/mt or 0.46%.

Dec 14, 2016 16:41

SMM Comments

Main sea freight index at Baltic Exchange falls further to 1,069 points

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Dec 13, 2016 17:10

Industry

SHFE Lead Closes with Losses (2016-12-13)

SFHE 1702 lead opened at RMB 20,690/mt and finally ended at RMB 20,545/mt, down RMB 55/mt or 0.27%.

Dec 13, 2016 17:08

SMM Comments

SHFE Lead Prices Up 0.36% (2016-12-8)

SHFE 1702 lead opened at RMB 20,595/mt and finally closed at RMB 20,775/mt, up RMB 75/mt or 0.36%.

Dec 8, 2016 17:55

SMM Comments

SHFE Lead to Remain on the Upward Track (2016-9-2)

LME lead is predicted to range between USD 1,930-1,950/mt on Friday and SHFE 1610 lead to move at RMB 14,400-14,600/mt.

Sep 2, 2016 10:05

SMM Comments

SHFE Lead Ends with Losses (2016-8-12)

SHFE 1609 lead started at RMB 13,835/mt and moved around RMB 13,805/mt. The price later fell back from a high of RMB 13,860/mt and finally ended at RMB 13,805/mt, down RMB 30/mt or 0.22%.

Aug 12, 2016 16:47

SMM Comments

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Shanghai Lead Prices Set for Gains on Rising Demand (2015-12-7)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo