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Home / Metal News / LME Lead Set for Gains (2016-6-30)

LME Lead Set for Gains (2016-6-30)

Jun 30, 2016 09:24

Source:SMM

LME lead will grow to USD 1,750-1,770/mt during Asian trading hours Thursday.

SHANGHAI, Jun. 30 (SMM) – LME lead will grow to USD 1,750-1,770/mt during Asian trading hours Thursday.

Markets expect US last week’s initial jobless claims to be positive. This will weigh on US dollar. In turn, commodity prices will get boost.

SHFE 1608 lead will hover between RMB 12,900-13,050/mt on Jun. 30. In China’s spot market, supply is in surplus and downstream buyers favor term purchase at month’s end. Spot lead should trace SHFE lead up to RMB 12,750-12,850/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-30)

LME lead price forecast

SHFE lead prices

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

97% China Lead Smelters Pessimistic over Lead Prices This Week, SMM Survey

SMM survey of 30 Chinese lead producers finds that 97% of them see LME lead to fall below USD 1,700/mt this week and SHFE 1607 lead to test support at RMB 12,700/mt.

May 10, 2016 10:14

SMM Comments

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

SHFE Lead Close down (Feb. 4, 2016)

SHFE 1603 lead opened at RMB 14,055/mt Thursday evening.

Feb 5, 2016 21:38

SMM Comments

Shanghai Lead to Remain High (2016-2-5)

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Feb 5, 2016 09:35

SMM Comments

Shanghai Lead to Climb (2016-2-4)

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Feb 4, 2016 10:47

SMM Comments

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LME Lead Set for Gains (2016-6-30)

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