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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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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 Priced Off 0.83% (2016-8-30)

SHFE 1610 lead started at RMB 13,865/mt and ended at RMB 13,810/mt, down RMB 115/mt or 0.83%.

Aug 30, 2016 17:15

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

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

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

LME Lead to See Range-Bound Trading (2016-6-17)

LME lead will narrowly range USD 1,690-1,710/mt during Asian trading hours Friday.

Jun 17, 2016 09:26

SMM Comments

SHFE Lead to Face Weakness (2016-5-26)

SHFE 1607 lead will remain weak and move between RMB 12,600-12,750/mt on May 26.

May 26, 2016 09:47

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

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