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Home / Metal News / SHFE Lead to Drift Higher (2016-6-21)

SHFE Lead to Drift Higher (2016-6-21)

Jun 21, 2016 09:23

Source:SMM

SHFE 1608 lead will inch higher to RMB 12,780-12,920/mt on Jun. 21.

SHANGHAI, Jun. 21 (SMM) – SHFE 1608 lead will inch higher to RMB 12,780-12,920/mt on Jun. 21.

Market will still focus on the Brexit referendum and base metals prices may fall back. LME lead will fluctuate between USD 1,700-1,720/mt during Asian trading hours Tuesday.

In China’s spot market, demand is still weak and stocks at smelters pile up. This makes smelters move goods out at discounts. Spot lead should trace SHFE lead up to RMB 12,700-12,800/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-21)

SHFE lead prices

LME lead price forecast

Pb prices

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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

LME Lead to Move in a Tight Range (2016-8-15)

LME lead will narrowly range USD 1,825-1,845/mt during Asian trading hours Monday.

Aug 15, 2016 09:10

SMM Comments

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

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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 Stay Range-Bound (2016-5-13)

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

May 13, 2016 09:15

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

SMM Insight

56% China Lead Producers Expect Lead Prices to Stabilize This Week, SMM Survey

56% of Chinese lead smelters see lead prices to move in current range this week with LME lead between USD 1,800-1,850/mt and spot lead around RMB 14,000/mt.

Feb 16, 2016 16:17

SMM Comments

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SHFE Lead to Drift Higher (2016-6-21)

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