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Home / Metal News / Shanghai Lead to Maintain Upward Track (2016-1-28)

Shanghai Lead to Maintain Upward Track (2016-1-28)

Jan 28, 2016 10:18

Source:SMM

US December durable goods orders will be released today.

SHANGHAI, Jan. 28 (SMM) – US December durable goods orders will be released today. LME lead is expected to move between USD 1,650-1,680/mt today. SHFE 1603 lead will fluctuate between RMB 13,130-13,320/mt today.

See forecast for other base metals, please click: Shanghai Base Metal Prices to Keep Rising, SMM Says

Spot lead should remain tight, and spot lead prices will rise RMB 50/mt to RMB 13,350-13,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-28)

LME lead prices

SHFE lead 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

LME lead will range USD 1,770-1,790/mt during Asian trading hours Monday while SHFE 1606 lead should underperform LME lead and hover between RMB 13,340-13,490/mt.

Apr 25, 2016 09:42

SMM Comments

Shanghai Lead to Hold Steady (2016-1-29)

Eurozone CCI and US Q4 GDP will be released today.

Jan 29, 2016 09:51

SMM Comments

Shanghai Lead to Climb as Supply Remains Tight (2016-1-27)

The US Federal Reserve will hold its rate-setting meeting today, but is expected to leave interest rate unchanged.

Jan 27, 2016 09:58

SMM Comments

Shanghai Lead to Hold Stable (2016-1-26)

European and US stocks mostly dropped overnight. US January PMI will be released today.

Jan 26, 2016 10:06

SMM Comments

SHFE Lead Prices down RMB 95/mt (Aug. 31, 2015)

SHFE 1510 lead opened at RMB 13,520/mt for night trading last Friday and once dipped to RMB 13,330/mt.

Aug 31, 2015 18:17

SMM Comments

SHFE Lead up by RMB 160/mt on a Rally in Chinese Stock Market (Aug. 28, 2015)

SHFE 1510 lead gapped higher at RMB 13,360/mt for night trading Thursday and then advanced to RMB 13,520/mt.

Aug 28, 2015 18:35

SMM Comments

SMM Lead Market Daily Review (2015-8-27)

SHFE 1510 lead gapped lower at RMB 13,145/mt for night trading Wednesday and then ranged between RMB 13,115-13,275/mt.

Aug 28, 2015 08:42

SMM Comments

SMM Lead Market Daily Review (2015-8-21)

SHFE 1510 lead started Thursday evening session at RMB 13,475/mt and extended day trading rising momentum to RMB 13,860/mt.

Aug 24, 2015 08:59

SMM Comments

SMM Lead Market Daily Review (2015-8-20)

SHFE 1510 lead started at RMB 13,300/mt and once drifted higher to RMB 13,375/mt.

Aug 21, 2015 08:49

SMM Comments

SHFE 1508 Lead Loses RMB 390/mt (Jun. 12, 2015)

SHFE 1508 lead started Thursday evening at RMB 13,135/mt and dived to RMB 12,890/mt, to end at RMB 12,915/mt, down RMB 310/mt.

Jun 12, 2015 18:22

SMM Comments

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Shanghai Lead to Maintain Upward Track (2016-1-28)

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