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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

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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 (2016-9-26)

SHFE 1611 lead started at RMB 14,445/mt and ended down RMB 110/mt or 0.76% at RMB 14,440/mt with a session high of RMB 14,525/mt and a session low of RMB 14,335/mt.

Sep 26, 2016 17:57

SMM Comments

SHFE Lead Sets for Losses (2016-9-26)

LME lead should move at USD 1,905-1,925/mt on Monday and SHFE 1611 lead is predicted to range between RMB 14,350-14,550/mt.

Sep 26, 2016 10:02

SMM Comments

SHFE Lead Prices Up 1.35% (2016-9-21)

SHFE 1611 lead started at RMB 14,685/mt and ended at RMB 14,620/mt, up RMB 195/mt or 1.35%.

Sep 21, 2016 17:23

SMM Comments

SHFE Lead to Keep Upward Momentum (2016-9-21)

LME lead should fluctuate at USD 1,970-1,990/mt today and SHFE 1611 lead will move at RMB 14,600-14,800/mt.

Sep 21, 2016 09:37

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

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

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