LME Lead to Move in a Tight Range (2016-8-15)

Published: Aug 15, 2016 09:10

Save

LME lead will narrowly range USD 1,825-1,845/mt during Asian trading hours Monday.

SHANGHAI, Aug. 15 (SMM) – LME lead will narrowly range USD 1,825-1,845/mt during Asian trading hours Monday.

Eyes will be on China’s industrial data and US July PPI.

SHFE 1609 lead will fluctuate between RMB 13,700-13,900/mt on Aug. 15. In China’s spot market, supply stays tight and cargo holders hold back sales. Downstream buyers will watch from the sidelines and favor term contracts. Spot lead will trade at RMB 13,700-13,850/mt today.

LME lead price SHFE lead prices Pb prices

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

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

43 mins ago

Copper Prices Pull Back Sharply After Hitting Record High as Tariff Expectations Cool, Breaking Tight Supply Trade [SMM Macro Weekly Review]

43 mins ago

1 hour ago

Copper Rod Operating Rate May Rebound as Lower Prices Boost Downstream Activity

[SMM Copper Cathode Rod Flash] Due to weak new order continuity, SMM expects the operating rate of copper cathode rod enterprises to increase by 0.95 percentage points WoW next week. However, copper prices fell sharply in Thursday's night session, and the lower price center boosted downstream pricing activity, creating the possibility that next week's operating rate may rebound beyond expectations.

1 hour ago

Copper Cathode Rod Inventories Diverge: Raw Materials Down, Finished Products Up Amid High Prices

[SMM Copper Cathode Rod Flash] Copper cathode rod enterprises' inventories showed a divergent pattern. Amid high copper prices and high premiums, enterprises only restocked as needed, with raw material inventories down MoM; downstream cargo pick-up slowed down, with finished product inventories up MoM.

1 hour ago