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Home / Metal News / LME Lead to See Range-Bound Trading (2016-8-23)

LME Lead to See Range-Bound Trading (2016-8-23)

Aug 23, 2016 09:20

Source:SMM

LME lead will narrowly range USD 1,835-1,855/mt during Asian trading hours Tuesday.

SHANGHAI, Aug. 23 (SMM) – LME lead will narrowly range USD 1,835-1,855/mt during Asian trading hours Tuesday.

US July new home sales should be negative, which will weigh on US dollar. This will support base metals.

SHFE 1610 lead will range RMB 13,750-13,9500/mt on Aug. 23. In China’s spot market, traders rush to give price offers and spot premiums narrow slightly. Downstream buyers are pessimistic over market outlook. Spot lead will drop 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

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 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

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LME Lead to See Range-Bound Trading (2016-8-23)

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NET ZERO EUROPE - Solar & Energy Storage Summit

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