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Home / Metal News / LME Lead to See Limited Upward Room(2016-4-6)

LME Lead to See Limited Upward Room(2016-4-6)

Apr 6, 2016 09:34

Source:SMM

LME lead will be lacking in rising strength and move between USD 1,690-1,720/mt during Asian trading hours Wednesday.

SHANGHAI, Apr. 6 (SMM) – LME lead will be lacking in rising strength and move between USD 1,690-1,720/mt during Asian trading hours Wednesday.

Attention is turning to PMI data for retail sale industry from euro zone and US crude oil inventories. SHFE 1605 lead should edge down to RMB 13,130-13,285/mt on Apr. 6. Overall supply is sufficient in China’s spot market while poor downstream demand will not support lead prices. Spot lead will thus quote at RMB 13,350-13,450/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-6)

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

SHFE Lead to Face Weakness (2016-5-26)

SHFE 1607 lead will remain weak and move between RMB 12,600-12,750/mt on May 26.

May 26, 2016 09:47

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

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LME Lead to See Limited Upward Room(2016-4-6)

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