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Home / Metal News / LME Lead to Stay Range-Bound (2016-6-1)

LME Lead to Stay Range-Bound (2016-6-1)

Jun 1, 2016 09:39

Source:SMM

LME lead will narrowly range USD 1,685-1,705/mt during Asian trading hours Wednesday.

SHANGHAI, Jun. 1 (SMM) – LME lead will narrowly range USD 1,685-1,705/mt during Asian trading hours Wednesday.

Attention is turning to US China’s official manufacturing PMI for May, which may miss April’s level. Declines will continue in ferrous metal market.

SHFE 1607 lead will edge down to RMB 12,700-12,850/mt on Jun. 1. In China’s spot market, demand stays weak and downstream buyers favor term purchase. More smelters hold back sales due to shortage of raw materials. Spot lead should trade at RMB 12,650-12,800/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-1)

LME lead price forecast

SHFE lead prices

Pb prices

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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 Continue Outperforming LME Lead Next Week, SMM Expects

LME lead will be weaker than SHFE lead next week. LME lead will likely seek support from sister metal zinc and should struggle around $ 1,800 per tonne.

Aug 5, 2016 16:51

SMM Insight

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

Industry

30% China Lead Smelters See Declines for Lead Prices This Week, SMM Survey

SMM survey of 30 Chinese lead producers finds that 30% of them are bearish towards lead prices this week.

May 24, 2016 09:05

SMM Comments

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

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

Apr 13, 2016 09:34

SMM Comments

SHFE Lead to Face Strong Resistance (2016-3-24)

SHFE 1605 lead will meet strong resistance at moving averages and thus move between RMB 13,470-13,620/mt on Mar. 24.

Mar 24, 2016 09:26

SMM Comments

LME Lead to Stay Range-Bound (2016-3-10)

LME lead will narrowly range USD 1,820-1,850/mt during Asian trading hours Thursday.

Mar 10, 2016 09:38

SMM Comments

SHFE Lead Close down (Feb. 4, 2016)

SHFE 1603 lead opened at RMB 14,055/mt Thursday evening.

Feb 5, 2016 21:38

SMM Comments

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LME Lead to Stay Range-Bound (2016-6-1)

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2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

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