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Home / Metal News / LME Lead to Consolidate around USD 1,800/mt (2016-2-17)

LME Lead to Consolidate around USD 1,800/mt (2016-2-17)

Feb 17, 2016 09:44

Source:SMM

LME lead is predicted to move between USD 1,785-1,815/mt during Asian trading hours Wednesday.

SHANGHAI, Feb. 17 (SMM) – LME lead is predicted to move between USD 1,785-1,815/mt during Asian trading hours Wednesday.

See forecast for other base metals, please click:Rising Dollar to Weigh Down Base Metal Prices, SMM Says

Markets expect US January’s housing data and industrial output due for release today to be upbeat, which will likely sent US dollar up.

SHFE 1604 lead meets resistance at the 5-day moving average and should range RMB 13,520-13,720/mt on February 17. Few investors return to market and trading is left quiet. Spot lead should be offered at RMB 13,850-13,950/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-2-17)

LME lead prices

SHFE lead prices

Pb prices

lead price.

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

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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 Prices Up 3.97% (2016-9-1)

SHFE 1610 lead started at RMB 13,965/mt and ended at RMB 14,420/mt, up RMB 550/mt or 3.97%.

Sep 1, 2016 17:44

SMM Comments

33% Market Players Negative Toward Lead Prices This Week, SMM Surveys

SMM survey of 30 Chinese lead smelters reveals that 33% of them see LME lead to drop below USD 1,843/mt this week and SHFE 1610 lead to fall below RMB 13,500/mt and test the 60-day moving average.

Aug 30, 2016 08:39

SMM Comments

SHFE Lead Prices Up 0.07% (2016-8-26)

SHFE 1610 lead started at RMB 13,945/mt and ended at RMB 13,960/mt, up RMB 10/mt or 0.07%.

Aug 26, 2016 17:11

SMM Comments

LME Lead to Move in a Tight Range (2016-8-15)

LME lead will narrowly range USD 1,825-1,845/mt during Asian trading hours Monday.

Aug 15, 2016 09:10

SMM Comments

SHFE Lead Ends Higher (2016-7-29)

SHFE 1609 lead started at RMB 13,675/mt and then rose to previous level of RMB 13,750/mt. The contract ended at RMB 13,775/mt, up RMB 85/mt or 0.62%.

Jul 29, 2016 17:42

SMM Comments

SHFE Lead Closes with 1.23% Losses (2016-7-28)

SHFE 1609 lead started at RMB 13,715/mt and then moved stably. But the contract fell by RMB 100/mt at the tail of trading before finally ending at RMB 13,605/mt, down RMB 170/mt or 1.23%.

Jul 28, 2016 17:33

SMM Comments

LME Lead to Ease from Softer Dollar (2016-7-28)

LME lead will range between USD 1,785-1,805/mt during Asian trading hours Thursday.

Jul 28, 2016 09:32

SMM Comments

LME and SHFE lead to Hover at Highs Next Week, SMM Says

With positive technical indicators and expectation for loose macro environment, both LME and SHFE lead should move at highs next week, SMM lead group predict.

Jul 1, 2016 15:48

SMM Insight

LME Lead to Move Higher (2016-6-20)

LME lead will inch higher to USD 1,695-2,-015/mt during Asian trading hours Monday.

Jun 20, 2016 09:49

SMM Comments

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LME Lead to Consolidate around USD 1,800/mt (2016-2-17)

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo