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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

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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

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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

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

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

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SMM Comments

SHFE Lead Slips RMB 35/mt (Sept. 22, 2015)

SHFE 1511 lead once moved higher to RMB 13,245/mt after opening Monday evening session at RMB 13,190/mt.

Sep 22, 2015 17:21

SMM Comments

SMM Lead Market Daily Review (2015-9-18)

SHFE 1511 lead started at RMB 13,300/mt during Thursday evening and then increased, to close at RMB 1,360/mt, up by RMB 15/mt.

Sep 21, 2015 08:53

SMM Comments

SHFE 1508 Lead Gains RMB 120/mt at RMB 13,080/mt (Jun. 23, 2015)

SHFE 1508 lead opened at RMB 12,850/mt during Tuesday trading session.

Jun 23, 2015 17:39

SMM Comments

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

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NET ZERO EUROPE - Solar & Energy Storage Summit

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