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Home / Metal News / LME Lead to Face Resistance (2016-3-31)

LME Lead to Face Resistance (2016-3-31)

Mar 31, 2016 09:38

Source:SMM

LME lead meets resistance at the 60-day moving average and will range USD 1,720-1,745/mt during Asian trading hours Thursday.

SHANGHAI, Mar. 31 (SMM) – LME lead meets resistance at the 60-day moving average and will range USD 1,720-1,745/mt during Asian trading hours Thursday.

Attention is turning to US last week’s continuing jobless claims and UK Q4 GDP. SHFE 1605 lead will drop to RMB 13,250-13,400/mt on Mar. 31.

Spot supply in Yunan and Guangxi tightens while downstream demand stays weak. Spot lead will thus trade at RMB 13,450-13,550/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-31)

LME lead price forecast

SHFE lead prices

Pb prices

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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 Ends with Losses (2016-8-12)

SHFE 1609 lead started at RMB 13,835/mt and moved around RMB 13,805/mt. The price later fell back from a high of RMB 13,860/mt and finally ended at RMB 13,805/mt, down RMB 30/mt or 0.22%.

Aug 12, 2016 16:47

SMM Comments

LME Lead to Face Pains from Firmer Dollar (2016-8-11)

LME lead will suffer pressure from stronger dollar and will narrowly range USD 1,810-1,830/mt during Asian trading hours Thursday.

Aug 11, 2016 09:41

SMM Comments

SHFE Lead Ends Up (Jun. 27 , 2016)

During last Friday’s night session, SHFE 1608 lead started at RMB 12,760/mt.

Jun 27, 2016 18:29

SMM Comments

LME Lead to Move in a Tight Range (2016-6-23)

LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Thursday.

Jun 23, 2016 09:27

SMM Comments

SHFE Lead Ends with Losses (Jun. 20 , 2016)

During last Friday’s night session, SHFE 1608 lead started at RMB 12,840/mt and sank to RMB 12,760/mt, to end at RMB 12,775/mt.

Jun 20, 2016 17:25

SMM Comments

LME Lead to See Range-Bound Trading (2016-6-17)

LME lead will narrowly range USD 1,690-1,710/mt during Asian trading hours Friday.

Jun 17, 2016 09:26

SMM Comments

SHFE Lead Trades down (Jun. 8, 2016)

SHFE 1607 lead contract started at RMB 12,745/mt overnight and moved between RMB 12, 710-12,765/mt before closing at RMB 12,740/mt.

Jun 8, 2016 17:16

SMM Comments

LME Lead to Seek Support from Oil Prices (2016-5-18)

Rising oil prices will slow declines in LME lead and LME lead will narrowly range USD 1,710-1,730/mt during Asian trading hours Wednesday.

May 18, 2016 09:23

SMM Comments

LME Lead to Move in a Tight Range (2016-5-3)

LME lead will move in a narrow range of USD 1,730-1,750/mt during Asian trading hours Tuesday.

May 3, 2016 09:34

SMM Comments

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LME Lead to Face Resistance (2016-3-31)

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