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Home / Metal News / LME Lead to Move in a Tight Range (2016-6-23)

LME Lead to Move in a Tight Range (2016-6-23)

Jun 23, 2016 09:27

Source:SMM

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

SHANGHAI, Jun. 23 (SMM) – LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Thursday.

Market sentiment will be sensitive to the Brexit referendum result.

SHFE 1608 lead will hover between RMB 12,800-12,950/mt on Jun. 23. In China’s spot market, trading remains quiet and downstream battery makers cut operation to ease inventory pressure. Traders sell as usual and demand is sluggish. Spot lead should trade at RMB 12,700-12,800/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-23)

LME lead price forecast

SHFE lead prices

Pb prices

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

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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

SMM Comments

SHFE Lead Ends with Losses (2016-8-12)

SHFE 1609 lead started at RMB 13,835/mt and moved around RMB 13,805/mt. The price later fell back from a high of RMB 13,860/mt and finally ended at RMB 13,805/mt, down RMB 30/mt or 0.22%.

Aug 12, 2016 16:47

SMM Comments

LME Lead to Face Pains from Firmer Dollar (2016-8-11)

LME lead will suffer pressure from stronger dollar and will narrowly range USD 1,810-1,830/mt during Asian trading hours Thursday.

Aug 11, 2016 09:41

SMM Comments

SHFE Lead Ends Up (Jun. 27 , 2016)

During last Friday’s night session, SHFE 1608 lead started at RMB 12,760/mt.

Jun 27, 2016 18:29

SMM Comments

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

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

Jun 22, 2016 09:27

SMM Comments

SHFE Lead Ends with Losses (Jun. 20 , 2016)

During last Friday’s night session, SHFE 1608 lead started at RMB 12,840/mt and sank to RMB 12,760/mt, to end at RMB 12,775/mt.

Jun 20, 2016 17:25

SMM Comments

China Lead Prices to Face Pains from Mounting Stocks, SMM Says

The lead prices in China may take a hit in the near future due to pile-up in stocks, Shanghai Metals Market expects.

Jun 20, 2016 16:50

Industry

LME Lead to See Range-Bound Trading (2016-6-17)

LME lead will narrowly range USD 1,690-1,710/mt during Asian trading hours Friday.

Jun 17, 2016 09:26

SMM Comments

SHFE Lead Trades down (Jun. 8, 2016)

SHFE 1607 lead contract started at RMB 12,745/mt overnight and moved between RMB 12, 710-12,765/mt before closing at RMB 12,740/mt.

Jun 8, 2016 17:16

SMM Comments

SHFE Lead to Face Weakness (2016-5-26)

SHFE 1607 lead will remain weak and move between RMB 12,600-12,750/mt on May 26.

May 26, 2016 09:47

SMM Comments

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