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Home / Metal News / SHFE Lead Set for Gains (2016-4-13)

SHFE Lead Set for Gains (2016-4-13)

Apr 13, 2016 09:34

Source:SMM

SHFE 1605 lead should increase to RMB 13,200-13,400/mt on Apr. 13 with long strength gathering in market.

SHANGHAI, Apr. 13 (SMM) – SHFE 1605 lead should increase to RMB 13,200-13,400/mt on Apr. 13 with long strength gathering in market.

Markets will continue digesting news of large growth in crude oil and ferrous metals prices on Wednesday. LME lead will hover between USD 1,715-1,735/mt during Asian trading hours today. In China, cargo holders rush to sell while downstream purchase stays sluggish. Spot lead should trace SHFE lead up to RMB 13,300-13,400/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-13)

LME lead prices

SHFE lead prices

Pb prices

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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

SMM Insight

China Lead Price to Keep Rising Momentum after Tuesday’s Surge, SMM Expects

LME Lead to Move in a Tight Range Next Week, SMM Predicts

LME lead is expected to see range-bound trading in the coming week following volatile movements in previous two weeks.

Sep 9, 2016 13:54

SMM Comments

SHFE Lead to Drift Lower (2016-9-7)

LME lead should fluctuate between USD 1,935-1,955/mt on Wednesday and SHFE 1610 lead will range at RMB 14,250-14,450/mt.

Sep 7, 2016 09:32

SMM Comments

LME Lead to Keep Rising Momentum Next Week, SMM Expects

LME lead is forecast to grow above $ 1,950 per tonne in the coming week with zinc staying firm, SMM lead group reckons.

Sep 2, 2016 14:25

SMM Insight

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

SMM Comments

SHFE Lead to Move Lower (2016-8-4)

LME lead will fall to USD 1,795-1,815/mt during Asian trading hours Thursday with firmer dollar.

Aug 4, 2016 09:22

SMM Comments

LME Lead to See Weak Trading (2016-7-29)

LME lead will range between USD 1,790-1,810/mt during Asian trading hours Friday.

Jul 29, 2016 09:29

SMM Comments

SHFE Lead to Move Higher (2016-7-13)

SHFE 1609 lead will increase to RMB 13,200-13,400/mt on Jul. 13.

Jul 13, 2016 09:12

SMM Comments

LME Lead to Lack Rising Strength (2016-6-13)

LME lead will see no upward momentum and will range USD 1,690-1,710/mt on Monday.

Jun 13, 2016 09:50

SMM Comments

Lead Prices Take a Dip as Market Stays in Surplus

Lead prices fell in May with the rest of the base metal complex, hitting a four-month low.

Jun 7, 2016 14:17

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SHFE Lead Set for Gains (2016-4-13)

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