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Home / Metal News / LME Lead to Face Weakness (2016-1-6)

LME Lead to Face Weakness (2016-1-6)

Jan 6, 2016 09:53

Source:SMM

LME lead recently posts a fall and should drop to USD 1,710-1,740/mt during Asian trading hours Wednesday.

SHANGHAI, Jan. 6 (SMM) – LME lead recently posts a fall and should drop to USD 1,710-1,740/mt during Asian trading hours Wednesday.

See forecast for other base metals, please click: Shanghai to See Bigger Price Divergences, SMM Says

Eyes will be on PMI figures from many countries and those figures should be mixed.

SHFE 1602 lead is slow to fall and finds support at the 10-day moving average. The contract will hover between RMB 13,080-13,230/mt on Jan. 6. Spot supply grows modestly in Henan and downstream lead-acid battery makers purchase as needed. Spit lead will slip to RMB 13,150-13,250/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-6)

SHFE lead prices

LME lead price forecast

lead prices

Pb prices

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

For more information on how to access our research reports, please email service.en@smm.cn

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SHFE Lead to Find Support (2016-12-16)

LME lead is predicted to move between USD 2,300-2,350/mt on Friday and SHFE 1702 lead will range at RMB 20,000-20,500/mt.

Dec 16, 2016 09:40

SMM Comments

SHFE Lead Moves Lower (016-12-14)

SHFE 1702 lead opened at RMB 20,390/mt and finally closed at RMB 20,490/mt, down RMB 95/mt or 0.46%.

Dec 14, 2016 16:41

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Main sea freight index at Baltic Exchange falls further to 1,069 points

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SHFE Lead Closes with Losses (2016-12-13)

SFHE 1702 lead opened at RMB 20,690/mt and finally ended at RMB 20,545/mt, down RMB 55/mt or 0.27%.

Dec 13, 2016 17:08

SMM Comments

SHFE Lead Prices Up 0.36% (2016-12-8)

SHFE 1702 lead opened at RMB 20,595/mt and finally closed at RMB 20,775/mt, up RMB 75/mt or 0.36%.

Dec 8, 2016 17:55

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

SMM Comments

SHFE Lead Ends with Losses (2016-8-12)

SHFE 1609 lead started at RMB 13,835/mt and moved around RMB 13,805/mt. The price later fell back from a high of RMB 13,860/mt and finally ended at RMB 13,805/mt, down RMB 30/mt or 0.22%.

Aug 12, 2016 16:47

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LME Lead to Face Weakness (2016-1-6)

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