SHFE Lead to Mover Higher (2016-7-15)_SMM | Shanghai Nonferrous Metals

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Home / Metal News / Copper / SHFE Lead to Mover Higher (2016-7-15)

SHFE Lead to Mover Higher (2016-7-15)

Jul 15,2016 09:22

CST

price review forecast

Source:SMM

SHFE 1609 lead will grow to RMB 13,250-13,450/mt on Jul. 15.

SHANGHAI, Jul. 15 (SMM) – SHFE 1609 lead will grow to RMB 13,250-13,450/mt on Jul. 15.

Eyes will be on China’s Q2 GDP, which may be below Q1’s level.

LME lead will narrowly range USD 1,885-1,905/mt during Asian trading hours Friday. In China’s spot market, today is the last trading day for SHFE 1607 lead and traders will unwilling to give price offers. Trading should be subdued. Spot lead should follow SHFE lead up to RMB 12,950-13,100/mt today.

SHFE lead prices

LME lead price forecast

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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Lead price in China’s market has been rising since the beginning of 2016, and SHFE 1612 lead, the most active one, advanced to its daily upward limit on Oct. 25, the highest level since October 16, 20

Oct 25, 2016 15:50 timezone

CST

smm insight

China Lead Price to Keep Rising Momentum after Tuesday’s Surge, SMM Expects

SHFE Lead to Remain on the Upward Track (2016-9-2)

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 timezone

CST

price review & forecast

SHFE Lead Prices Up 3.97% (2016-9-1)

SHFE 1610 lead started at RMB 13,965/mt and ended at RMB 14,420/mt, up RMB 550/mt or 3.97%.

Sep 1, 2016 17:44 timezone

CST

price review & forecast

33% Market Players Negative Toward Lead Prices This Week, SMM Surveys

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 timezone

CST

price review & forecast

SHFE Lead Prices Up 0.07% (2016-8-26)

SHFE 1610 lead started at RMB 13,945/mt and ended at RMB 13,960/mt, up RMB 10/mt or 0.07%.

Aug 26, 2016 17:11 timezone

CST

price review & forecast

SHFE Lead Prices Up 0.36% (2016-8-24)

SHFE 1610 lead started at RMB 13,970/mt and ended at RMB 13,965/mt, up RMB 50/mt or 0.36%.

Aug 24, 2016 16:50 timezone

CST

price review & forecast

17% China Lead Smelters Optimistic over Lead Prices This Week, SMM Surveys

SMM survey of 30 Chinese lead smelters reveals that 17% of them see LME lead to rise above the 5-day moving average and challenge USD 1,900/mt this week.

Aug 23, 2016 09:07 timezone

CST

price review & forecast

LME Lead to Stay Range-Bound (2016-8-19)

LME lead will narrowly range USD 1,885-1,905/mt during Asian trading hours Friday.

Aug 19, 2016 09:19 timezone

CST

price review & forecast

LME Lead to Stay Range-Bound (2016-8-18)

LME lead will range USD 1,865-1,885/mt during Asian trading hours Thursday with stronger dollar.

Aug 18, 2016 09:21 timezone

CST

price review & forecast

LME Lead to Face Pains from Stronger Dollar (2016-8-5)

LME lead will face downward pressure due to firmer dollar and fluctuate between USD 1,780-1,800/mt during Asian trading hours Friday.

Aug 5, 2016 09:27 timezone

CST

price review & forecast

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