SHFE Lead to Lack Rising Strength (2016-5-9)

Published: May 9, 2016 09:45

Save

SHFE 1607 lead will lack rising strength and will move at RMB 12,850-13,000/mt on May 9 with no improvement in fundamentals.

SHANGHAI, May 9 (SMM) –SHFE 1607 lead will lack rising strength and will move at RMB 12,850-13,000/mt on May 9 with no improvement in fundamentals.

Attention is turning to movement of US dollar and crude oil prices. LME lead will move in a narrow range of USD 1,730-1,750/mt during Asian trading hours Monday. In China’s spot market, battery producers start sales promotion activities in the off-season and show little buying interest. Spot lead should trade at RMB 12,900-13,000/mt today with stabilizing of SHFE lead.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-9)

SHFE lead prices LME lead price forecast Pb Price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

10 hours ago

2026 China Aluminum Extrusion Industry Semi-Annual Summary and Outlook [SMM Analysis]

10 hours ago

16 hours ago

Exports as a Safety Net and Domestic Demand Anchor: 2026 H1 Aluminum Market Review and H2 Outlook

Against the backdrop of aluminum price premiums being given back and heightened expectations of decline, end-users' willingness to restock will remain suppressed. Industry profit margins are expected to stay low, and competition among enterprises will evolve deeply from "scale expansion" to "cost control and structural optimization."

16 hours ago

20 hours ago

Approaching the Weekend, Prices Rise Again, Spot Aluminum Pressure Intensifies [SMM South China Spot Aluminum Daily Review]

20 hours ago