Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / LME Lead to Hold Firm despite Stronger Dollar(2016-3-2)

LME Lead to Hold Firm despite Stronger Dollar(2016-3-2)

Mar 2, 2016 09:28

LME lead will remain strong and move between USD 1,760-1,790/mt during Asian trading hours Wednesday.

SHANGHAI, Mar. 2 (SMM) – LME lead will remain strong and move between USD 1,760-1,790/mt during Asian trading hours Wednesday.

Attention will be paid to US February ADP employment figure and US dollar will go up, posing negative effect on base metals to some extent.

SHFE 1604 lead will range RMB 13,600-13,780/mt on Mar. 2 with support at the 5 and 10-day moving averages. Downstream buyers take a wait-and-see stand in Chinese spot market while cargo holders are eager to sell. As such, spot lead will trader at RMB 13,700-13,800/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-2)

LME lead price forecast

SHFE lead prices

lead price

Pb prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Domestic lead-acid battery producers have recently announced output cut plans for the upcoming 2017 Chinese National Day and Mid-Autumn holidays in early October.

Sep 27, 2017 09:37

Industry Reminder

Chilwee Group Announces Production Suspension for Upcoming Holiday

Higher Tax Squeezes Profits at China Lead-acid Battery Producers, SMM Reports

Domestic lead-acid battery producers face growing cost burdens in 2017, SMM lead analyst said 2017 SMM Secondary Lead-acid Battery Summit.

Sep 15, 2017 15:14

SMM Insight

Higher Tax Squeezes Profits at China Lead-acid Battery Producers, SMM Reports

SHFE Lead Hardly to Rally with Nearing of 2017 Chinese New Year, SMM Expects

SHFE lead prices dropped on January 17 after one-week fluctuation. On January 17, SHFE 1703 lead dropped RMB 735/mt or 3.88% as of 14:32.

Jan 18, 2017 13:51

SMM Insight Industry

SHFE Lead Hardly to Rally with Nearing of 2017 Chinese New Year, SMM Expects

Is It Profitable for China to Import Lead Now? SMM Reports

Rising price ratio and high spot premiums have put lead import market, which has been silent for many years, under spotlight.

Nov 22, 2016 17:30

SMM Insight Industry

Inventories at 30 Lead-Acid Battery Producers Keeps Falling in September, SMM Reports

SMM surveys of battery inventories at 30 Chinese lead-acid battery producers currently and finds the following insights.

Oct 25, 2016 10:26

SMM Insight

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 Stay Range-Bound (2016-8-19)

LME lead will narrowly range USD 1,885-1,905/mt during Asian trading hours Friday.

Aug 19, 2016 09:19

SMM Comments

SHFE Lead Prices Up 2.14% (2016-8-18)

SHFE 1609 lead started at RMB 13,615/mt and ended at RMB 13,840/mt, up RMB 290/mt or 2.14%.

Aug 18, 2016 17:38

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

SMM Events & Webinars

All

Sep
26
- 2025 ASIA BATTERY MATERIAL COOPERATION SALON
  Sep 26 - 26,2025
  Time：9.26 2025 Place：Seoul， South Korea
  Seoul， South Korea
Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  Emmanuel Centre，London , the United Kingdom
Oct
16
- AICE 2025 SMM (14th) Aluminum Industry Annual Conference
  Oct 16 - 17,2025
  Zhengzhou, Henan Province

LME Lead to Hold Firm despite Stronger Dollar(2016-3-2)

SMM Events & Webinars

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025

AICE 2025 SMM (14th) Aluminum Industry Annual Conference