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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

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

Aug 15, 2016 09:10

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

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LME Lead to Stay on Upside Track Next Week

LME lead will remain on the upside tract next week and should test resistance at $ 1,660 per tonne, SMM predicts.

Jan 22, 2016 15:13

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LME Lead to Hold above Moving Average (2016-1-22)

LME lead stays above the 5 and 10-day moving averages and should move between USD 1,620-1,650/mt during Asian trading hours Friday.

Jan 22, 2016 09:32

SMM Comments

LME Lead to See Small Upside Room Next Week, SMM says

Any big gains in LME lead will be curbed by firmer dollar next week and LME lead should trade at highs $ 1,680-1,735 yuan per tonne despite upbeat technical indicators.

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SHFE 1602 lead once lurched up to RMB 13,025/mt after opening Monday night trading session at RMB 13,000/mt.

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LME lead is expected to move at USD 1,665-1,695/mt during Asian trading hours Monday.

Dec 7, 2015 09:49

SMM Comments

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SHFE 1602 lead started Wednesday evening session at RMB 12,620/mt before shooting up to RMB 13,000/mt.

Dec 3, 2015 15:31

SMM Comments

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Some lead producers will cut production in China’s Henan, SMM understands.

Dec 2, 2015 13:31

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

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