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Home / Metal News / LME Lead to Face Pains from Firmer Dollar (2016-7-25)

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

Jul 25, 2016 09:24

Source:SMM

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

SHANGHAI, Jul. 25 (SMM) – LME lead will face pressure from stronger dollar and range USD 1,830-1,850/mt during Asian trading hours Monday.

Eyes will be on movement of US dollar, which may impose pressure on base metals.

SHFE 1609 lead will hover between RMB 13,250-13,450/mt on Jul. 25 after falling below the 5-day moving average. In China’s spot market, lead holders are still optimistic and thus hold back sales. Downstream purchase increases slightly with coming peak season with most buyers still taking a wait-and-see stance. Trading will not improve markedly today. Spot lead should fall to RMB 12,950-13,100/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-25)

LME lead price forecast

SHFE lead prices

Pb 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)

SHFE Lead to Drift Lower (2016-9-7)

LME lead should fluctuate between USD 1,935-1,955/mt on Wednesday and SHFE 1610 lead will range at RMB 14,250-14,450/mt.

Sep 7, 2016 09:32

SMM Comments

LME Lead to Keep Rising Momentum Next Week, SMM Expects

LME lead is forecast to grow above $ 1,950 per tonne in the coming week with zinc staying firm, SMM lead group reckons.

Sep 2, 2016 14:25

SMM Insight

SHFE Lead Closes with Gains (2016-8-19)

SHFE 1610 lead, became the most actively traded contract, moved stably at RMB 13,850/mt after opening and closed at RMB 13,985/mt, up RMB 250/mt or 1.82%.

Aug 19, 2016 18:16

SMM Comments

LME Lead to Hover around $ 1,820 Next Week, SMM Predicts

LME lead may fluctuate around $ 1,820 per tonne next week with resistance at the 20-day moving average.

Aug 12, 2016 11:56

SMM Insight

SHFE Lead to Move Lower (2016-8-4)

LME lead will fall to USD 1,795-1,815/mt during Asian trading hours Thursday with firmer dollar.

Aug 4, 2016 09:22

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

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

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