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Home / Metal News / SHFE Lead to Move Lower (2016-8-4)

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

Aug 4, 2016 09:22

Source:SMM

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

SHANGHAI, Aug. 4 (SMM) – LME lead will fall to USD 1,795-1,815/mt during Asian trading hours Thursday with firmer dollar.

US initial jobless claims should be positive in the week ending July 30, which will send up US dollar.

SHFE 1609 lead will fluctuate between RMB 13,800-14,000/mt on Aug. 4. In China’s spot market, price offers for branded lead reduce and traders increase release of goods to market with falling SHFE lead. Overall trading will pick up. Spot lead will trade at RMB 13,700-13,850/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-4)

LME lead prices

SHFE lead prices

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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 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 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 See Weak Trading (2016-7-29)

LME lead will range between USD 1,790-1,810/mt during Asian trading hours Friday.

Jul 29, 2016 09:29

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

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 Remain High (2016-2-5)

US January non-farm employment slated for release today is expected to fell below December’s.

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

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

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

SMM Events & Webinars

2025 (20th) SMM Copper Industry Conference and Expo

2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

2025 SMM ASIA METALS SEMINAR