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Home / Metal News / LME Lead to Stay Range-Bound (2016-5-13)

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

May 13, 2016 09:15

Source:SMM

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

SHANGHAI, May 13 (SMM) – LME lead will narrowly range USD 1,700-1,720/mt during Asian trading hours Friday.

Markets expect US PPI to be upbeat, which may support dollar. This will weigh on base metals prices.

SHFE 1607 lead will move at RMB 12,850-13,000/mt on May 13. In China’s spot market, downstream demand stays weak and some smelters are unwilling to sell at large discounts after delivering goods to SHFE warehouses. Spot lead should trade at RMB 12,850-13,000/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-13)

LME lead price forecast

SHFE lead prices

Pb prices

For queries, please contact William Gu at williamgu@smm.cn

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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

SHFE Lead Prices Up 0.07% (2016-8-26)

SHFE 1610 lead started at RMB 13,945/mt and ended at RMB 13,960/mt, up RMB 10/mt or 0.07%.

Aug 26, 2016 17:11

SMM Comments

LME Lead to Stay Range-Bound (2016-8-19)

LME lead will narrowly range USD 1,885-1,905/mt during Asian trading hours Friday.

Aug 19, 2016 09:19

SMM Comments

SHFE Lead Prices Up 2.14% (2016-8-18)

SHFE 1609 lead started at RMB 13,615/mt and ended at RMB 13,840/mt, up RMB 290/mt or 2.14%.

Aug 18, 2016 17:38

SMM Comments

LME and SHFE lead to Hover at Highs Next Week, SMM Says

With positive technical indicators and expectation for loose macro environment, both LME and SHFE lead should move at highs next week, SMM lead group predict.

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.

May 23, 2016 09:31

SMM Comments

LME Lead to Face Resistance (2016-4-7)

LME lead will move between USD 1,705-1,725/mt during Asian trading hours Thursday with resistance at the 5-day moving average.

Apr 7, 2016 09:14

SMM Comments

LME Lead to Face Pains (2016-3-30)

LME lead will face downward pressure and should hover between USD 1,725-1,750/mt during Asian trading hours Wednesday.

Mar 30, 2016 09:48

SMM Comments

64% China Lead Producers Expect Stability for Lead Prices This Week, SMM Survey

SMM survey of 30 Chinese lead producers reveals that 64% of them expect lead price to move in current level this week.

Mar 1, 2016 08:49

SMM Comments

LME Lead to Struggle around $ 1,700 Tonne Next Week

LME lead will likely struggle around $ 1,700 per tonne next week, SMM predicts.

Feb 26, 2016 15:50

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