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Home / Metal News / LME Lead to Stay Range-Bound (2016-8-8)

LME Lead to Stay Range-Bound (2016-8-8)

Aug 8, 2016 09:30

Source:SMM

LME lead will narrowly range USD 1,775-1,795/mt during Asian trading hours Monday.

SHANGHAI, Aug. 8 (SMM) – LME lead will narrowly range USD 1,775-1,795/mt during Asian trading hours Monday.

Focus will be on China’s trade data and movement of US dollar index.

SHFE 1609 lead will fluctuate between RMB 13,750-13,950/mt on Aug. 8. In China’s spot market, cargo holders will give price as usual and downstream buyers will watch from the sidelines and mainly favor term purchase. Spot trading will remain dull. Spot lead will trade at RMB 13,650-13,800/mt today.

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

LME lead price

SHFE lead prices

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SHFE lead prices dropped on January 17 after one-week fluctuation. On January 17, SHFE 1703 lead dropped RMB 735/mt or 3.88% as of 14:32.

Jan 18, 2017 13:51

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SHFE 1611 lead opened at RMB 14,430/mt and closed at RMB 14,475/mt, up RMB 255/mt or 1.79%.

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SHFE 1610 lead started at RMB 13,945/mt and then dropped to RMB 13,870/mt before finally ending at RMB 13,900/mt, down RMB 5/mt or 0.04%.

Aug 22, 2016 17:22

SMM Comments

SHFE Lead to Hold Firm (2016-8-22)

SHFE 1610 lead will stay strong and range RMB 13,800-14,000/mt on Aug. 22.

Aug 22, 2016 09:13

SMM Comments

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LME lead will grow to USD 1,865-1,885/mt during Asian trading hours Wednesday.

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SMM Comments

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SHFE 1609 lead started at RMB 13,735/mt and ranged between RMB 13,725-13,840/mt before ending at RMB 13,765/mt, down RMB 60/mt or 0.43%.

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SMM Comments

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SHFE 1603 lead opened at RMB 14,055/mt Thursday evening.

Feb 5, 2016 21:38

SMM Comments

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Feb 5, 2016 09:35

SMM Comments

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Feb 4, 2016 10:47

SMM Comments

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Feb 2, 2016 09:35

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LME Lead to Stay Range-Bound (2016-8-8)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025