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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

Source:SMM

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

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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

SMM Insight

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

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

SMM Comments

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

SMM Comments

Most Lead Smelters in China Optimistic over Lead Prices This Week, SMM Survey

SMM survey of 30 Chinese lead smelters shows that 57% of them see LME lead to grow above USD 1,900/mt this week and SHFE 1609 lead will challenge RMB 13,800/mt.

Jul 26, 2016 09:39

SMM Comments

SHFE Lead to Drift Higher (2016-7-22)

SHFE 1609 lead will edge up to RMB 13,250-13,450/mt on Jul. 22.

Jul 22, 2016 09:36

SMM Comments

LME and SHFE lead to Hover at Highs Next Week, SMM Says

With positive technical indicators and expectation for loose macro environment, both LME and SHFE lead should move at highs next week, SMM lead group predict.

Jul 1, 2016 15:48

SMM Insight

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

SHFE Lead Grows 0.43% (Mar. 4, 2016)

SHFE lead opened higher at RMB 13,885/mt overnigh before ranging RMB 13,845-13,945/mt, to end at RMB 13,870/mt, up RMB 40/mt or 0.29%.

Mar 4, 2016 19:08

SMM Comments

Shanghai Lead to Stay High (2016-2-2)

The market will lack important macroeconomic news today. LME lead is expected to remain high between USD 1,720-1,750/mt today.

Feb 2, 2016 10:12

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

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