Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SHFE Lead to Remain on the Upward Track (2016-9-2)

SHFE Lead to Remain on the Upward Track (2016-9-2)

Sep 2, 2016 10:05

Source:SMM

LME lead is predicted to range between USD 1,930-1,950/mt on Friday and SHFE 1610 lead to move at RMB 14,400-14,600/mt.

SHANGHAI, Sept. 2 (SMM) – Eyes should be on US nonfarm payroll report today. US ISM manufacturing index for August released on Thursday dropped unexpectedly, which raised market’s speculation on US economy and interest rate hike in the year.

LME lead is predicted to range between USD 1,930-1,950/mt on Friday. SHFE 1610 lead soared and hit a year-high on Thursday. And the contract is expected to move at RMB 14,400-14,600/mt on Friday.

Traders rush to sell while downstream buyers show low interest. Market quotations are limited following a rise in SHFE lead. Market players will take a wait-and-see stance, and goods should be traded at RMB 14,100-14,200/mt on Friday in China’s market in a small amount, up RMB 200/mt from Thursday.

LME lead prices

SHFE lead prices

lead prices

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

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Lead Spot Transaction Improves after Price Drops, SMM Reports

Lead smelters made firm offers for spot goods on supply shortage, and downstream battery producers replenished stocks at low prices, improving transaction.

time

Aug 22, 2017 14:04

Lead Spot Transaction Improves after Price Drops, SMM Reports

Tight Supply Refrains Transaction in China Lead Market, SMM Reports

Traders in China's market had low price-making interest in response to low inventories, and firm price kept downstream battery producers at sidelines, resulting in sluggish trading.

time

Aug 3, 2017 14:08

SMM Comments Industry

Tight Supply Refrains Transaction in China Lead Market, SMM Reports

Macquarie Hikes Forecast for Base Metals in 2017 and 2018

Macquarie raised its forecast for most base metals in the next two years, wenhua.com reported.

time

Dec 20, 2016 14:09

Industry Reminder

Macquarie Hikes Forecast for Base Metals in 2017 and 2018

SHFE Lead to Find Support (2016-12-16)

LME lead is predicted to move between USD 2,300-2,350/mt on Friday and SHFE 1702 lead will range at RMB 20,000-20,500/mt.

time

Dec 16, 2016 09:40

SHFE Lead Moves Lower (016-12-14)

SHFE 1702 lead opened at RMB 20,390/mt and finally closed at RMB 20,490/mt, down RMB 95/mt or 0.46%.

time

Dec 14, 2016 16:41

Main sea freight index at Baltic Exchange falls further to 1,069 points

The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities fell further to 1,069 points on Monday mainly due to weak cape and panamax indices.

time

Dec 13, 2016 17:10

SHFE Lead Closes with Losses (2016-12-13)

SFHE 1702 lead opened at RMB 20,690/mt and finally ended at RMB 20,545/mt, down RMB 55/mt or 0.27%.

time

Dec 13, 2016 17:08

SHFE Lead Prices Up 0.36% (2016-12-8)

SHFE 1702 lead opened at RMB 20,595/mt and finally closed at RMB 20,775/mt, up RMB 75/mt or 0.36%.

time

Dec 8, 2016 17:55

SHFE Lead Sets for Losses (2016-9-26)

LME lead should move at USD 1,905-1,925/mt on Monday and SHFE 1611 lead is predicted to range between RMB 14,350-14,550/mt.

time

Sep 26, 2016 10:02

SHFE Lead Prices Up 0.07% (2016-8-26)

SHFE 1610 lead started at RMB 13,945/mt and ended at RMB 13,960/mt, up RMB 10/mt or 0.07%.

time

Aug 26, 2016 17:11

SMM Events & Webinars

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.