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Home / Metal News / LME Lead to Move in a Tight Range (2015-12-17)

LME Lead to Move in a Tight Range (2015-12-17)

Dec 17, 2015 10:15

LME lead is predicted to move between USD 1,670-1,710/mt during Asian trading hours Thursday with support at the 20 and 40-day moving averages.

SHANGHAI, Dec. 17 (SMM) – LME lead is predicted to move between USD 1,670-1,710/mt during Asian trading hours Thursday with support at the 20 and 40-day moving averages.

See forecast for other base metals, please click: No Big Impact on Base Metal Prices from US Rate Hike, SMM Says

US Fed, as widely expected, announced on Thursday to raise the range of its benchmark interest rate by 0.25 percentage points and the Fed expects a slow and gradual rate hike path, which received little reaction from base metals market.

SHFE 1602 lead should range RMB 12,900-13,050/mt on December 17 and in China’s spot market, spot supply stays tightened and downstream buyers hold a wait-and-see attitude. Thus, spot lead will trade at RMB 13,100-13,200/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-17)

LME lead price forecast

SHFE lead price

Pb prices

lead prices

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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LME lead will move at USD 2,120-2,180/mt on Monday and SHFE 1706 lead is expected to fluctuate between RMB 15,700-16,250/mt.

Apr 24, 2017 09:12

SMM Comments

SHFE Lead to Remain Range-Bound (2017-4-24)

SHFE Lead Prices down 1.38% (2017-3-3)

SHFE 1704 lead opened at RMB 18,530/mt and ended at RMB 18,570/mt, down RMB 260/mt or 1.38%.

Mar 3, 2017 18:40

SMM Comments

SHFE Lead Ends with Losses (2017-2-22)

SHFE 1704 lead started at RMB 18,920/mt and closed at RMB 18,825/mt, down 315/mt or 1.65%.

Feb 22, 2017 16:15

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

33% Market Players Negative Toward Lead Prices This Week, SMM Surveys

SMM survey of 30 Chinese lead smelters reveals that 33% of them see LME lead to drop below USD 1,843/mt this week and SHFE 1610 lead to fall below RMB 13,500/mt and test the 60-day moving average.

Aug 30, 2016 08:39

SMM Comments

SHFE Lead Prices Up 0.07% (2016-8-26)

SHFE 1610 lead started at RMB 13,945/mt and ended at RMB 13,960/mt, up RMB 10/mt or 0.07%.

Aug 26, 2016 17:11

SMM Comments

SHFE Lead Prices Up 2.14% (2016-8-18)

SHFE 1609 lead started at RMB 13,615/mt and ended at RMB 13,840/mt, up RMB 290/mt or 2.14%.

Aug 18, 2016 17:38

SMM Comments

Heavy Rains Disrupt Production and Railway Transportation, SMM Reports

From late June, provinces, including Hubei, Anhui, Jiangsu, Jiangxi and Guangdong, are suffering from heavy rainfall. What’s impact from the rain on metals producers in those regions?

Jul 8, 2016 11:56

SMM Insight

LME Lead to Face Downward Pressure from Firmer Dollar (2016-5-23)

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

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LME Lead to Move in a Tight Range (2015-12-17)

SMM Events & Webinars

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025

AICE 2025 SMM (14th) Aluminum Industry Annual Conference