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Home / Metal News / LME Lead Faces Weakness (2015-12-23)

LME Lead Faces Weakness (2015-12-23)

Dec 23, 2015 10:01

Source:SMM

LME lead should move on the weak side between USD 1,680-1,710/mt during Asian trading hours Wednesday.

SHANGHAI, Dec. 23 (SMM) – LME lead should move on the weak side between USD 1,680-1,710/mt during Asian trading hours Wednesday.

A series of US economic figures are due for release on Wednesday, including durable goods orders and personal income. Those figures will likely support US dollar.

See forecast for other base metals, please click: LME Market to See Light Trading ahead of Christmas Holiday, SMM Says

SHFE 1602 lead will range RMB 12,900-13,100/mt on Dec. 23. In China’s spot market, supply stays tightened and high prices dampen downstream buying interest. Thus, spot lead will fall slightly to RMB 13,100-13,200/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-23)

SHFE lead price

LME lead price forecast

lead prices

Pb prices

For queries, please contact William Gu at williamgu@smm.cn

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Eyes should be on US dollar index on Wednesday. LME lead will move at USD 2,140-2,180/mt on Wednesday and SHFE 1706 lead will fluctuate between RMB 15,800-16,350/mt.

Apr 26, 2017 09:19

SMM Comments

LME Lead to Move in a Tight Range (2017-4-26)

Global Lead Supply Reverse to Surplus in February 2017

International Lead and Zinc Study Group (ILZSG) issued on Apr. 12 that global lead market had an 11,700 tonnes of surplus in February.

Apr 13, 2017 14:25

SMM Insight

Global Lead Supply Reverse to Surplus in February 2017

SHFE Lead to Stabilize (2017-4-10)

LME lead will move at USD 2,230-2,300/mt on Monday and SHFE 1705 lead will stabilize 16,200-17,000/mt at RMB after a sharp decline.

Apr 10, 2017 09:18

SMM Comments

LME Lead to See Range-Bound Trading (2017-4-7)

LME lead will be weighed by the 20-day moving average and move at USD 2,260-2,310/mt on Friday and SHFE 1705 lead will fluctuate between RMB 17,200-17,600/mt.

Apr 7, 2017 09:41

SMM Comments

LME Lead to See Range-Bound Trading (2017-4-7)

LME Lead to Move in a Tight Range (2017-3-31)

LME lead will fluctuate between USD 2,300-2,370/mt and SHFE 1705 lead will move at RMB 17,000-17,600/mt.

Mar 31, 2017 09:33

SMM Comments

LME Lead to Move in a Tight Range (2017-3-31)

Will SHFE Lead Keep Surging after Advacing 14.2 per cent? SMM Says

This week, China’s lead prices gather rising strength, with SHFE 1612 lead soaring to 20,425 yuan from 17,875 yuan per tonne in early week, up 14.2 per cent in total in a week.

Nov 24, 2016 16:47

SMM Insight Industry

Will SHFE Lead Keep Surging after Advacing 14.2 per cent? SMM Says

SHFE Lead Prices Up 1.35% (2016-9-19)

SHFE 1611 lead opened higher at RMB 14,220/mt and finally ended at RMB 14,250/mt, up RMB 190/mt or 1.35%.

Sep 19, 2016 17:42

SMM Comments

LME Lead to See Range-Bound Trading (2016-9-19)

LME lead is expected to range between USD 1,925-1,945/mt on Monday and SHFE 1610 lead will move at RMB 13,950-14,150/mt.

Sep 19, 2016 09:44

SMM Comments

40% Chinese Lead Smelters Bearish towards Lead Prices This Week, SMM Surveys

SMM survey of 30 Chinese lead smelters indicates that 40% of them see LME lead to fall below the 40-day moving average and test support at the 60-day moving average this week.

Sep 13, 2016 09:26

SMM Comments

SHFE Lead to Remain on the Upward Track (2016-9-2)

LME lead is predicted to range between USD 1,930-1,950/mt on Friday and SHFE 1610 lead to move at RMB 14,400-14,600/mt.

Sep 2, 2016 10:05

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