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Home / Metal News / SHFE Lead to Move at Highs (2016-8-1)

SHFE Lead to Move at Highs (2016-8-1)

Aug 1, 2016 09:13

SHFE 1609 lead will remain at highs of RMB 13,750-13,950/mt on Aug. 1.

SHANGHAI, Aug. 1 (SMM) –SHFE 1609 lead will remain at highs of RMB 13,750-13,950/mt on Aug. 1.

Markets expect US July ISM manufacturing PMI to be negative and this will weigh on US dollar.

LME lead will range between USD 1,810-1,830/mt during Asian trading hours Monday. In China’s spot market, cargo holders are still bullish and hold back sales. Downstream buyers favor term purchase and will watch from the sidelines. Trading will stay dull. Spot lead will edge up to RMB 13,450-13,550/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-1)

SHFE lead prices

LME lead price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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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

LME Lead to Face Resistance (2016-4-7)

LME lead will move between USD 1,705-1,725/mt during Asian trading hours Thursday with resistance at the 5-day moving average.

Apr 7, 2016 09:14

SMM Comments

LME Lead to Face Pains (2016-3-30)

LME lead will face downward pressure and should hover between USD 1,725-1,750/mt during Asian trading hours Wednesday.

Mar 30, 2016 09:48

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

LME Lead to Struggle around $ 1,700 Tonne Next Week

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

Feb 26, 2016 15:50

SMM Insight

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)

The Bank of England will announce its interest rate decision today.

Feb 4, 2016 10:47

SMM Comments

7% Chinese Investors Bearish toward Lead Price, SMM Survey

SMM surveyed 30 industry insiders with regard to lead price trends this week and found that 43% see lead price rise.

Feb 2, 2016 09:35

SMM Comments

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SHFE Lead to Move at Highs (2016-8-1)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025