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Home / Metal News / SHFE Lead to Hold Firm (2016-8-22)

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

Aug 22, 2016 09:13

Source:SMM

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

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

Eyes will be on movement of US dollar index and crude oil.

LME lead will narrowly range USD 1,880-1,900/mt during Asian trading hours Monday. In China’s spot market, traders rush to sell with large spot premiums. Downstream buyers do not accept high prices. Spot lead will rise to RMB 13,800-13,950/mt today.

LME lead price

SHFE lead prices

For queries, please contact William Gu at williamgu@smm.cn

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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

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

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

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

Aug 15, 2016 09:10

SMM Comments

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SMM Comments

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LME lead stays above the 5 and 10-day moving averages and should move between USD 1,620-1,650/mt during Asian trading hours Friday.

Jan 22, 2016 09:32

SMM Comments

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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

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