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Home / Metal News / LME Lead to Hold Firm (2016-3-3)

LME Lead to Hold Firm (2016-3-3)

Mar 3, 2016 09:17

Source:SMM

LME lead returns above USD 1,800/mt and will range between USD 1,790-1,820/mt during Asian trading hours Thursday.

SHANGHAI, Mar. 3 (SMM) – LME lead returns above USD 1,800/mt and will range between USD 1,790-1,820/mt during Asian trading hours Thursday.

US February composite PMI is due for release today. SHFE 1604 lead should fluctuate between RMB 13,700-13,850/mt on Mar. 3 with support at the 5 and 10-day moving averages. In China’s spot market, spot prices quote at highs and most buyers are shifted to secondary refined lead. Spot lead will move between RMB 13,700-13,850/mt.

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

SHFE lead prices

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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

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

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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

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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

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Jan 20, 2015 11:18

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Copper for March delivery on the Shanghai Futures Exchange, the most active contract, started Monday’s night session at RMB 43,400/mt and later dipped to RMB 43,240/mt.

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SMM Comments

SMM Base Metals Market Daily Review (2015-1-9)

Copper for March delivery on the Shanghai Futures Exchange, the most active contract, dipped to RMB 44,450/mt in Thursday’s night session.

Jan 12, 2015 10:01

SMM Comments

SHFE Lead Closes Up RMB 85/mt at RMB 12,380/mt (Jan. 7, 2015)

Lead for March delivery on the Shanghai Futures Exchange, the most active contract, rose above the 5-day and 10-day moving averages after opening Tuesday’s night session.

Jan 7, 2015 17:19

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LME Lead to Hold Firm (2016-3-3)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

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