SHFE Lead to Stay Range-Bound (2016-3-25)_SMM

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Home / Metal News / / SHFE Lead to Stay Range-Bound (2016-3-25)

SHFE Lead to Stay Range-Bound (2016-3-25)

Mar 25,2016 09:27

CST

price review forecast

Source:SMM

SHFE 1605 lead will narrowly range between RMB 13,450-13,600/mt on Mar. 25.

SHANGHAI, Mar. 25 (SMM) – SHFE 1605 lead will narrowly range between RMB 13,450-13,600/mt on Mar. 25 with resistance at moving averages and support at the 40-day moving average.

LME market is closed today for Good Friday holiday. Markets expect US Q4 GDP and personal consumption data to be flat with previous levels. More lead producers reopened in March, growing supply, while downstream demand is tepid. Spot lead will quote at RMB 13,550-13,650/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-25)

SHFE lead prices

Pb Price

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Lead price in China’s market has been rising since the beginning of 2016, and SHFE 1612 lead, the most active one, advanced to its daily upward limit on Oct. 25, the highest level since October 16, 20

Oct 25, 2016 15:50 timezone

CST

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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 timezone

CST

price review & forecast

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 timezone

CST

price review & forecast

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 timezone

CST

price review & forecast

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 timezone

CST

price review & forecast

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SHFE 1610 lead started at RMB 13,970/mt and ended at RMB 13,965/mt, up RMB 50/mt or 0.36%.

Aug 24, 2016 16:50 timezone

CST

price review & forecast

17% China Lead Smelters Optimistic over Lead Prices This Week, SMM Surveys

SMM survey of 30 Chinese lead smelters reveals that 17% of them see LME lead to rise above the 5-day moving average and challenge USD 1,900/mt this week.

Aug 23, 2016 09:07 timezone

CST

price review & forecast

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 timezone

CST

price review & forecast

LME Lead to Stay Range-Bound (2016-8-18)

LME lead will range USD 1,865-1,885/mt during Asian trading hours Thursday with stronger dollar.

Aug 18, 2016 09:21 timezone

CST

price review & forecast

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 timezone

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China Metals Market

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