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

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Home / Metal News / Copper / LME Lead to Move in a Tight Range (2016-8-15)

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

Aug 15,2016 09:10

CST

SMM Comments

Source:SMM

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

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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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 timezone

CST

SMM Insight

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

SHFE Lead Prices Up 1.35% (2016-9-21)

SHFE 1611 lead started at RMB 14,685/mt and ended at RMB 14,620/mt, up RMB 195/mt or 1.35%.

Sep 21, 2016 17:23 timezone

CST

SMM Comments

SHFE Lead to Keep Upward Momentum (2016-9-21)

LME lead should fluctuate at USD 1,970-1,990/mt today and SHFE 1611 lead will move at RMB 14,600-14,800/mt.

Sep 21, 2016 09:37 timezone

CST

SMM Comments

LME Lead to See Range-Bound Trading (2016-9-19)

LME lead is expected to range between USD 1,925-1,945/mt on Monday and SHFE 1610 lead will move at RMB 13,950-14,150/mt.

Sep 19, 2016 09:44 timezone

CST

SMM Comments

SHFE Lead to Remain on the Upward Track (2016-9-2)

LME lead is predicted to range between USD 1,930-1,950/mt on Friday and SHFE 1610 lead to move at RMB 14,400-14,600/mt.

Sep 2, 2016 10:05 timezone

CST

SMM Comments

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 timezone

CST

SMM Comments

33% Market Players Negative Toward Lead Prices This Week, SMM Surveys

SMM survey of 30 Chinese lead smelters reveals that 33% of them see LME lead to drop below USD 1,843/mt this week and SHFE 1610 lead to fall below RMB 13,500/mt and test the 60-day moving average.

Aug 30, 2016 08:39 timezone

CST

SMM Comments

SHFE Lead Prices Up 0.36% (2016-8-24)

SHFE 1610 lead started at RMB 13,970/mt and ended at RMB 13,965/mt, up RMB 50/mt or 0.36%.

Aug 24, 2016 16:50 timezone

CST

SMM Comments

17% China Lead Smelters Optimistic over Lead Prices This Week, SMM Surveys

SMM survey of 30 Chinese lead smelters reveals that 17% of them see LME lead to rise above the 5-day moving average and challenge USD 1,900/mt this week.

Aug 23, 2016 09:07 timezone

CST

SMM Comments

LME Lead to Stay Range-Bound (2016-8-19)

LME lead will narrowly range USD 1,885-1,905/mt during Asian trading hours Friday.

Aug 19, 2016 09:19 timezone

CST

SMM Comments

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