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Home / Metal News / LME Lead to Stay Range-Bound (2016-8-18)

LME Lead to Stay Range-Bound (2016-8-18)

Aug 18, 2016 09:21

Source:SMM

LME lead will range USD 1,865-1,885/mt during Asian trading hours Thursday with stronger dollar.

SHANGHAI, Aug. 18 (SMM) – LME lead will range USD 1,865-1,885/mt during Asian trading hours Thursday with stronger dollar.

Eyes will be on US initial jobless claims in the week ending August 13 and US August Philadelphia Fed's manufacturing index, which may be positive. This will boost US dollar.

SHFE 1609 lead will edge up to RMB 13,500-13,700/mt on Aug. 18. In China’s spot market, traders rush to sell with expanded spot premiums. Downstream demand improves slightly. Spot lead will trade at RMB 13,650-13,800/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-18)

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

SMM Insight Industry

SHFE Lead Hardly to Rally with Nearing of 2017 Chinese New Year, SMM Expects

SHFE Lead Ends with Gains (2016-9-20)

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

Sep 20, 2016 17:48

SMM Comments

SHFE Lead Prices End with Small Losses (2016-8-22)

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

LME Lead to Move Higher (2016-8-17)

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

Aug 17, 2016 09:20

SMM Comments

SHFE Lead Prices Down 0.43% (2016-8-10)

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%.

Aug 10, 2016 18:56

SMM Comments

70% China Market Players Pessimistic over Lead Prices This Week, SMM survey

SMM survey of 30 industrial insiders shows that 70% of them see LME lead to fall to USD 1,570/mt this week and SHFE 1601 lead to drop below RMB 12,360/mt.

Dec 1, 2015 09:50

SMM Comments

SMM Lead Market Morning Review (2015-11-4)

LME lead opened Tuesday trading session at USD 1,704/mt and lurched down to USD 1,682/mt due to bearishness in market.

Nov 4, 2015 09:31

SMM Comments

SHFE Lead Prices down RMB 95/mt (Aug. 31, 2015)

SHFE 1510 lead opened at RMB 13,520/mt for night trading last Friday and once dipped to RMB 13,330/mt.

Aug 31, 2015 18:17

SMM Comments

SMM Lead Market Daily Review (2015-8-27)

SHFE 1510 lead gapped lower at RMB 13,145/mt for night trading Wednesday and then ranged between RMB 13,115-13,275/mt.

Aug 28, 2015 08:42

SMM Comments

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LME Lead to Stay Range-Bound (2016-8-18)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit