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Home / Metal News / LME Lead to See Range-Bound Trading (2016-7-6)

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

Jul 6, 2016 09:23

Source:SMM

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

SHANGHAI, Jul. 6 (SMM) – LME lead will narrowly range USD 1,810-1,830/mt during Asian trading hours Wednesday.

Focus will be on US May trade data, which may be negative. This will slow gains in US dollar.

SHFE 1608 lead will hover between RMB 12,900-13,100/mt on Jul. 6. In China’s spot market, the traditional high-demand season comes while downstream demand is still weak. Cargo holders give offers as usual and wait-and-see sentiment dominates market. Spot lead should fall to RMB 12,800-12,900/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-6)

LME lead price forecast

SHFE lead prices

Pb prices

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

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SMM survey of 30 Chinese lead producers reveals that 64% of them expect lead price to move in current level this week.

Mar 1, 2016 08:49

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LME lead will likely struggle around $ 1,700 per tonne next week, SMM predicts.

Feb 26, 2016 15:50

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SHFE 1604 lead should outperform LME lead on Monday and will move between RMB 13,530-13,700/mt today.

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Feb 19, 2016 17:01

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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

LME Lead to Stay Range-Bound (2016-2-16)

LME lead will move in a tight range of USD 1,820-1,850/mt during Asian trading hours Tuesday with support at the 5-day moving average.

Feb 16, 2016 09:47

SMM Comments

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

SMM Insight

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

Weakness Ahead for LME Lead Next Week

LME lead will face more weakness and should move between $ 1,590-1,640 per tonne next week, SMM lead analysts forecast.

Jan 15, 2016 14:46

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LME lead will still trade at highs of USD 1,770-1,800/mt during Asian trading hours Monday.

Jan 4, 2016 09:59

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

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