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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

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SHFE 1709 lead opened at RMB 18,555/mt and closed at RMB 18,425/mt, down RMB 15/mt or 0.08%.

Aug 3, 2017 17:16

SMM Comments

SHFE Lead Closes with Small Losses (2017-8-3)

Tight Supply Refrains Transaction in China Lead Market, SMM Reports

Traders in China's market had low price-making interest in response to low inventories, and firm price kept downstream battery producers at sidelines, resulting in sluggish trading.

Aug 3, 2017 14:08

SMM Comments Industry

Tight Supply Refrains Transaction in China Lead Market, SMM Reports

SHFE Lead Strengthens (2017-8-2)

SHFE 1709 lead opened at RMB 18,185/mt and ended at RMB 18,445/mt, up RMB 255/mt or 1.40%.

Aug 2, 2017 17:29

SMM Comments

LME Lead to Strength (2017-7-31)

LME lead will hover at USD 2,305-2,335/mt on Monday and SHFE 1709 lead will fluctuate between RMB 18,050-18,250/mt.

Jul 31, 2017 09:33

SMM Comments

Orders at Ignition Battery Producers See No Improvement, Despite of Rising End-User Demand, SMM Says

Orders at ignition battery producers saw no improvement in Zhejiang due to wary purchase sentiment of distributors.

Jul 26, 2017 17:59

Industry

Orders at Ignition Battery Producers See No Improvement, Despite of Rising End-User Demand, SMM Says

SHFE Lead Price Up 1.15% (2017-7-25)

SHFE 1709 lead, becoming the most actively trade one, opened at RMB 17,460/mt and closed at RMB 17,645/mt, up RMB 200/mt or 1.15%.

Jul 25, 2017 17:51

SMM Comments

Primary Lead Inventory in Shanghai and Guangdong to Rally This Week, SMM Expects

Primary lead inventory in Shanghai and Guangdong inched up 400 tonnes to 29,400 tonnes last week.

Jul 24, 2017 13:23

Industry SMM Comments

Primary Lead Inventory in Shanghai and Guangdong to Rally This Week, SMM Expects

WBMS: Global Lead Supply Remains in Deficit of 172,000 Tonnes in January-May 2017

Global lead market still reported supply deficit at 172,000 tonnes in the first five months of 2017, according to World Bureau of Metal Statistics (WBMS).

Jul 20, 2017 09:41

SMM Insight Industry

WBMS: Global Lead Supply Remains in Deficit of 172,000 Tonnes in January-May 2017

Macquarie Hikes Forecast for Base Metals in 2017 and 2018

Macquarie raised its forecast for most base metals in the next two years, wenhua.com reported.

Dec 20, 2016 14:09

Industry Reminder

Macquarie Hikes Forecast for Base Metals in 2017 and 2018

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

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

SMM Events & Webinars

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit

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