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Home / Metal News / LME lead Set for Gains (2015-12-22)

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

Dec 22, 2015 09:33

Source:SMM

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

SHANGHAI, Dec. 22 (SMM) – LME lead will trade higher at USD 1,690-1,725/mt during Asian trading hours Tuesday owing to position opening by longs.

Markets expect the final reading of US Q3’s year-on-year growth to be 1.9%. As such, US dollar index will likely go down.

See forecast for other base metals, please click:Shanghai Base Metal Price to Rise, with Stronger Tin, SMM Says

SHFE 1602 lead moves above all the moving averages and should range RMB 13,000-13,200/mt on Dec. 22. News of price hikes by leading motive batteries is gradually digested by China’s market and distributors almost complete production ramp-up for year’s target. But supply tightness will support lead prices. Spot lead will trace SHFE lead up to RMB 13,100-13,250/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-22)

LME lead price forecast

SHFE lead price

lead prices

Pb 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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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 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 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

LME Lead to Move in a Tight Range (2016-8-15)

LME lead will narrowly range USD 1,825-1,845/mt during Asian trading hours Monday.

Aug 15, 2016 09:10

SMM Comments

LME and SHFE lead to Hover at Highs Next Week, SMM Says

With positive technical indicators and expectation for loose macro environment, both LME and SHFE lead should move at highs next week, SMM lead group predict.

Jul 1, 2016 15:48

SMM Insight

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- SMM LME Metals Seminar 2025
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LME lead Set for Gains (2015-12-22)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025