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Home / Metal News / LME Lead to Face Pains (2016-3-30)

LME Lead to Face Pains (2016-3-30)

Mar 30, 2016 09:48

Source:SMM

LME lead will face downward pressure and should hover between USD 1,725-1,750/mt during Asian trading hours Wednesday.

SHANGHAI, Mar. 30 (SMM) – LME lead will face downward pressure and should hover between USD 1,725-1,750/mt during Asian trading hours Wednesday.

SHFE 1605 lead will fluctuate between RMB 13,450-13,600/mt on Mar. 30. In China’s spot market, lead smelters rush to sell at the end of March while downstream buyers are unwilling to purchase with inventories on hand. Hence, spot lead will quote at RMB 13,500-13,600/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-30)

LME lead price forecast

SHFE lead prices

Pb prices

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

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

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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

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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

LME Lead to Face Pains from Stronger Dollar (2016-8-5)

LME lead will face downward pressure due to firmer dollar and fluctuate between USD 1,780-1,800/mt during Asian trading hours Friday.

Aug 5, 2016 09:27

SMM Comments

SHFE Lead to Move at Highs (2016-8-1)

SHFE 1609 lead will remain at highs of RMB 13,750-13,950/mt on Aug. 1.

Aug 1, 2016 09:13

SMM Comments

Most Lead Smelters in China Optimistic over Lead Prices This Week, SMM Survey

SMM survey of 30 Chinese lead smelters shows that 57% of them see LME lead to grow above USD 1,900/mt this week and SHFE 1609 lead will challenge RMB 13,800/mt.

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SHFE Lead to Drift Higher (2016-7-22)

SHFE 1609 lead will edge up to RMB 13,250-13,450/mt on Jul. 22.

Jul 22, 2016 09:36

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

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LME lead will remain under downward pressure and will range USD 1,660-1,680/mt during Asian trading hours Monday.

May 23, 2016 09:31

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