SHANGHAI, Aug. 29 (SMM) – LME closes today. SHFE 1610 lead should move between RMB 13,850-14,050/mt. Traders offer prices actively but downstream purchase decreases due to cash strain at the end of month and negative attitudes. Spot prices are predicted to range at RMB 13,850-14,000/mt.
SHFE Lead to Stay Range-Bound (2016-8-29)
SHFE 1610 lead should move between RMB 13,850-14,050/mt.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
![This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]](https://imgqn.smm.cn/usercenter/obeMy20251217171735.jpg)
Feb 6, 2026 17:46
This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]
Read More
This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]
Feb 6, 2026 17:46
![Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]](https://imgqn.smm.cn/usercenter/LVqfJ20251217171736.jpg)
Feb 6, 2026 12:00
Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]
Read More
Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]
Feb 6, 2026 12:00
Feb 6, 2026 09:27
A gold and silver reset, not a reversal
Read More
A gold and silver reset, not a reversal
Gold and silver have recovered part of their recent losses following one of the sharpest corrections seen in precious metals in over a decade
Feb 6, 2026 09:27
Related News
This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]
Feb 06, 2026 17:46
Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]
Feb 06, 2026 12:00
A gold and silver reset, not a reversal
Feb 06, 2026 09:27
Spot Market and Domestic Inventory Brief Review (February 5, 2026) [SMM Silver Market Weekly Review]
Feb 05, 2026 17:36