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Home / Metal News / LME Lead to Remain Range-Bound (2016-6-24)

LME Lead to Remain Range-Bound (2016-6-24)

Jun 24, 2016 09:19

Source:SMM

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

SHANGHAI, Jun. 24 (SMM) – LME lead will narrowly range between USD 1,700-1,720/mt during Asian trading hours Friday.

Market sentiment will be sensitive to the Brexit referendum result.

SHFE 1608 lead will hover between RMB 12,800-12,950/mt on Jun. 24. In China’s spot market, traders give their offers as usual while downstream purchase is limited and mainly work through inventories. Spot lead should trade at RMB 12,650-12,800/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-24)

LME lead price forecast

SHFE lead prices

Pb prices

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Both LME and SHFE lead will see weak trading in the coming week, Shanghai Metals Market reckons.

Aug 26, 2016 12:18

SMM Insight

LME Lead to See Range-Bound Trading (2016-7-8)

LME lead will narrowly range USD 1,800-1,820/mt during Asian trading hours Friday.

Jul 8, 2016 09:20

SMM Comments

LME Lead to Face Pressure from Firmer Dollar (2016-7-7)

LME lead will suffer pressure from stronger dollar and range USD 1,825-1,845/mt during Asian trading hours Thursday.

Jul 7, 2016 09:17

SMM Comments

LME Lead to See Range-Bound Trading (2016-7-6)

LME lead will narrowly range USD 1,810-1,830/mt during Asian trading hours Wednesday.

Jul 6, 2016 09:23

SMM Comments

57% China Lead Smelters Optimistic over Lead Prices This Week, SMM Survey

SMM survey of 30 Chinese lead producers indicates that 57% of them see LME lead to break through USD 1,900/mt this week and SHFE 1608 lead to challenge RMB 13,650/mt.

Jul 5, 2016 09:03

SMM Comments

70% China Lead Smelters Expect Declines for Lead Prices This Week, SMM Survey

SMM survey of 30 market players reveals that 70% of them are bearish towards lead prices this week citing poor downstream demand.

Apr 11, 2016 17:33

SMM Comments

LME Lead to Be Caught in a Dilemma Next Week

LME lead should struggle around $ 1,800 per tonne this week with support at the 20-day moving average and resistance at the 5 and 10-day moving averages.

Mar 18, 2016 18:05

SMM Insight

70% China Lead Producers Expected Stability for Lead Prices, SMM Survey

SMM survey of 30 industrial insiders indicates that 70% of them expect lead prices to move at current level this week.

Jan 19, 2016 09:51

SMM Comments

LME Lead to Trade above USD 1,700/mt (2015-12-14)

LME lead is expected to move between USD 1,710-1,735/mt during Asian trading hours Monday.

Dec 14, 2015 10:06

SMM Comments

SHFE Lead Breaks above RMB 13,100/mt (Dec. 11, 2015)

SHFE 1602 lead opened lower at RMB 12,840/mt for night trading Thursday and headed for gains all the session with longs gathering strength.

Dec 11, 2015 17:09

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LME Lead to Remain Range-Bound (2016-6-24)

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