LME Lead to Stay Range-Bound (2016-6-22)_SMM

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Home / Metal News / / LME Lead to Stay Range-Bound (2016-6-22)

LME Lead to Stay Range-Bound (2016-6-22)

Jun 22,2016 09:27

CST

price review forecast

Source:SMM

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

SHANGHAI, Jun. 22 (SMM) – LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Wednesday.

Eyes will be on US May existing home sales, which may be positive. The Brexit referendum is nearing.

SHFE 1608 lead will hover between RMB 12,750-12,900/mt on Jun. 22. In China’s spot market, demand is still weak and traders are eager to sell. Spot lead should trade at RMB 12,700-12,800/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-22)

LME lead price forecast

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 timezone

CST

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SHFE Lead to Remain on the Upward Track (2016-9-2)

LME lead is predicted to range between USD 1,930-1,950/mt on Friday and SHFE 1610 lead to move at RMB 14,400-14,600/mt.

Sep 2, 2016 10:05 timezone

CST

price review & forecast

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 timezone

CST

price review & forecast

33% Market Players Negative Toward Lead Prices This Week, SMM Surveys

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 timezone

CST

price review & forecast

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 timezone

CST

price review & forecast

SHFE Lead Prices Up 0.36% (2016-8-24)

SHFE 1610 lead started at RMB 13,970/mt and ended at RMB 13,965/mt, up RMB 50/mt or 0.36%.

Aug 24, 2016 16:50 timezone

CST

price review & forecast

17% China Lead Smelters Optimistic over Lead Prices This Week, SMM Surveys

SMM survey of 30 Chinese lead smelters reveals that 17% of them see LME lead to rise above the 5-day moving average and challenge USD 1,900/mt this week.

Aug 23, 2016 09:07 timezone

CST

price review & forecast

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 timezone

CST

price review & forecast

LME Lead to Stay Range-Bound (2016-8-18)

LME lead will range USD 1,865-1,885/mt during Asian trading hours Thursday with stronger dollar.

Aug 18, 2016 09:21 timezone

CST

price review & forecast

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 timezone

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