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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.

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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

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

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

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 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

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 Set for Gains (2015-12-22)

SMM Events & Webinars

NET ZERO CHAIN Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

SMM LME Metals Seminar 2025