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Home / Metal News / LME Lead to Underperform SHFE Lead (2016-4-1)

LME Lead to Underperform SHFE Lead (2016-4-1)

Apr 1, 2016 09:25

Source:SMM

SHFE 1605 lead will be slow to fall compared with LME lead and should range RMB 13,150-13,300/mt on Apr. 1.

SHANGHAI, Apr. 1 (SMM) – SHFE 1605 lead will be slow to fall compared with LME lead and should range RMB 13,150-13,300/mt on Apr. 1 while LME lead will hover between USD 1,700-1,725/mt during Asian trading hours Friday.

Attention is turning to US non-farm payrolls for March, which are expected to be lower than previous level. In China, downstream consumption will not pick up in short term and buyers expect price falls in spot lead with slipping SHFE lead. As such, spot lead will trade at RMB 13,350-13,450/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-1)

LME lead price forecast

SHFE lead prices

Pb prices

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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

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.

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SMM Comments

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Jul 1, 2016 15:48

SMM Insight

LME Lead to Face Downward Pressure from Firmer Dollar (2016-5-23)

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

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SMM Comments

LME Lead to Stay Range-Bound (2016-5-13)

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May 13, 2016 09:15

SMM Comments

97% China Lead Smelters Pessimistic over Lead Prices This Week, SMM Survey

SMM survey of 30 Chinese lead producers finds that 97% of them see LME lead to fall below USD 1,700/mt this week and SHFE 1607 lead to test support at RMB 12,700/mt.

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SMM Comments

56% China Lead Producers Expect Lead Prices to Stabilize This Week, SMM Survey

56% of Chinese lead smelters see lead prices to move in current range this week with LME lead between USD 1,800-1,850/mt and spot lead around RMB 14,000/mt.

Feb 16, 2016 16:17

SMM Comments

SHFE Lead Close down (Feb. 4, 2016)

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Feb 5, 2016 21:38

SMM Comments

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Feb 5, 2016 09:35

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Feb 4, 2016 10:47

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LME Lead to Underperform SHFE Lead (2016-4-1)

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