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Home / Metal News / LME Lead to See Range-Bound Trading (2016-7-20)

LME Lead to See Range-Bound Trading (2016-7-20)

Jul 20, 2016 09:26

Source:SMM

LME lead will narrowly range USD 1,850-1,870/mt during Asian trading hours Wednesday.

SHANGHAI, Jul. 20 (SMM) – LME lead will narrowly range USD 1,850-1,870/mt during Asian trading hours Wednesday.

Focus will be on US EIA crude oil stocks for this week and movement of US dollar.

SHFE 1609 lead will hover between RMB 13,200-13,350/mt on Jul. 20. In China’s spot market, Cargo holders are optimistic while downstream buyers still take a wait-and-see stance, leaving trading muted. Spot lead should be offered at RMB 12,900-13,050/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-20)

LME lead price forecast

SHFE lead prices

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LME lead will move within USD 2,270-2,300/mt, with resistance at several moving averages and support at the 20-day and 40-day moving averages.

Sep 12, 2017 09:44

SMM Comments

LME Lead to Struggle around Current Level (2017-9-12)

LME Lead to See Range-Bound Trading (2016-7-26)

LME lead will narrowly range USD 1,830-1,850/mt during Asian trading hours Tuesday.

Jul 26, 2016 09:22

SMM Comments

LME Lead to Face Pains from Firmer Dollar (2016-7-25)

LME lead will face pressure from stronger dollar and range USD 1,830-1,850/mt during Asian trading hours Monday.

Jul 25, 2016 09:24

SMM Comments

SHFE Lead Prices Post Growth (Jul. 19 , 2016)

Overnight, SHFE 1609 lead started at RMB 13,255/mt and dived to RMB 13,140/mt before rallying to RMB 13,290/mt.

Jul 19, 2016 17:06

SMM Comments

SHFE Lead Prices up 0.84% (Jul. 13 , 2016)

SHFE 1609 lead fluctuated between RMB 13,240-13,340/mt after starting Tuesday night session higher at RMB 13,290/mt.

Jul 13, 2016 17:00

SMM Comments

SHFE Lead Ends Up (Jun. 29 , 2016)

Last night, SHFE 1608 lead started at RMB 12,930/mt and grew to RMB 13,065/mt, to end at RMB 12,975/mt.

Jun 29, 2016 16:48

SMM Comments

43% Lead Smelters in China Expect Declines for Lead Prices This Week, SMM Survey

SMM survey of 30 Chinese lead smelters reveals that 43% of them reckon that LME lead will slip below USD 1,620/mt this week and SHFE 1608 lead will drop to RMB 12,500/mt.

Jun 21, 2016 09:27

SMM Comments

SHFE Lead to Drift Higher (2016-6-21)

SHFE 1608 lead will inch higher to RMB 12,780-12,920/mt on Jun. 21.

Jun 21, 2016 09:23

SMM Comments

SHFE Lead Ends Up (Jun. 17, 2017)

Overnight, SHFE 1608 lead started at RMB 12,820/mt and stabilized between RMB 12,780/mt, to end at RMB 12,835/mt.

Jun 17, 2016 17:24

SMM Comments

64% China Lead Producers Expect Stability for Lead Prices This Week, SMM Survey

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

SMM Comments

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LME Lead to See Range-Bound Trading (2016-7-20)

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