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Home / Metal News / Shanghai Lead to Maintain Upward Momentum (2016-2-1)

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

Feb 1, 2016 09:58

Source:SMM

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

SHANGHAI, Feb. 1 (SMM) – Official and Caixin’s January PMI for China to be released today are expected to be lower than December’s. But with market expectations of additional stimulus measures from China, LME lead is expected to remain high between USD 1,690-1,730/mt today. SHFE 1603 lead will strengthen to RMB 13,650-13,850/mt today.

See forecast for other base metals, please click: Shanghai Base Metal Prices to Rise This Week, SMM Says

Spot lead prices will follow SHFE lead up to RMB 13,650-13,750/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-1)

SHFE lead prices

LME lead prices

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

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LME lead will move within USD 2,270-2,300/mt, with resistance at several moving averages and support at the 20-day and 40-day moving averages.

Sep 12, 2017 09:44

SMM Comments

LME Lead to Struggle around Current Level (2017-9-12)

SHFE Lead to Drift Lower (2016-9-7)

LME lead should fluctuate between USD 1,935-1,955/mt on Wednesday and SHFE 1610 lead will range at RMB 14,250-14,450/mt.

Sep 7, 2016 09:32

SMM Comments

LME Lead to Keep Rising Momentum Next Week, SMM Expects

LME lead is forecast to grow above $ 1,950 per tonne in the coming week with zinc staying firm, SMM lead group reckons.

Sep 2, 2016 14:25

SMM Insight

SHFE Lead Closes with Gains (2016-8-19)

SHFE 1610 lead, became the most actively traded contract, moved stably at RMB 13,850/mt after opening and closed at RMB 13,985/mt, up RMB 250/mt or 1.82%.

Aug 19, 2016 18:16

SMM Comments

LME Lead to Hover around $ 1,820 Next Week, SMM Predicts

LME lead may fluctuate around $ 1,820 per tonne next week with resistance at the 20-day moving average.

Aug 12, 2016 11:56

SMM Insight

SHFE Lead to Move Lower (2016-8-4)

LME lead will fall to USD 1,795-1,815/mt during Asian trading hours Thursday with firmer dollar.

Aug 4, 2016 09:22

SMM Comments

SHFE Lead Ends Up (Jun. 29 , 2016)

Last night, SHFE 1608 lead started at RMB 12,930/mt and grew to RMB 13,065/mt, to end at RMB 12,975/mt.

Jun 29, 2016 16:48

SMM Comments

43% Lead Smelters in China Expect Declines for Lead Prices This Week, SMM Survey

SMM survey of 30 Chinese lead smelters reveals that 43% of them reckon that LME lead will slip below USD 1,620/mt this week and SHFE 1608 lead will drop to RMB 12,500/mt.

Jun 21, 2016 09:27

SMM Comments

SHFE Lead to Drift Higher (2016-6-21)

SHFE 1608 lead will inch higher to RMB 12,780-12,920/mt on Jun. 21.

Jun 21, 2016 09:23

SMM Comments

SHFE Lead Ends Up (Jun. 17, 2017)

Overnight, SHFE 1608 lead started at RMB 12,820/mt and stabilized between RMB 12,780/mt, to end at RMB 12,835/mt.

Jun 17, 2016 17:24

SMM Comments

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

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2024 NET ZERO CHINA FIELD TRIP

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