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Home / Metal News / Shanghai Lead to Hold Steady (2016-1-29)

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

Jan 29, 2016 09:51

Source:SMM

Eurozone CCI and US Q4 GDP will be released today.

SHANGHAI, Jan. 29 (SMM) – Eurozone CCI and US Q4 GDP will be released today. The latter is expected to drop below Q3’s, weighing on the US dollar index and in turn lending support to base metals.

LME lead is expected to move between USD 1,650-1,680/mt today. SHFE 1603 lead will strengthen to RMB 13,080-13,250/mt today.

See forecast for other base metals, please click: Shanghai Market to See Price Corrections, SMM Says

With limited supply and increasing closures at downstream producers ahead of holiday, and spot lead prices stabilize at RMB 13,350-13,450/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-29)

SHFE lead prices

LME 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

SHFE 1604 lead should outperform LME lead on Monday and will move between RMB 13,530-13,700/mt today.

Feb 22, 2016 09:48

SMM Comments

LME Lead to Stay Range-Bound (2016-2-16)

LME lead will move in a tight range of USD 1,820-1,850/mt during Asian trading hours Tuesday with support at the 5-day moving average.

Feb 16, 2016 09:47

SMM Comments

Shanghai Lead to Stay High (2016-2-2)

The market will lack important macroeconomic news today. LME lead is expected to remain high between USD 1,720-1,750/mt today.

Feb 2, 2016 10:12

SMM Comments

Shanghai Lead to Maintain Upward Momentum (2016-2-1)

Official and Caixin’s January PMI for China to be released today are expected to be lower than December’s.

Feb 1, 2016 09:58

SMM Comments

SMM Lead Market Morning Review (2015-9-30)

LME lead prices opened at USD 1,655/mt on Tuesday, then fell to USD 1,646/mt.

Sep 30, 2015 10:16

SMM Comments

SMM Lead Market Morning Review (2015-9-28)

LME lead prices opened at USD 1,694.5/mt last Friday, then moved between USD 1,687-1,697/mt.

Sep 28, 2015 11:48

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

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

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