SHFE Lead to Drift Lower (2016-9-7)

Sep 7, 2016 09:32

LME lead should fluctuate between USD 1,935-1,955/mt on Wednesday and SHFE 1610 lead will range at RMB 14,250-14,450/mt.

SHANGHAI, Sept. 7 (SMM) – Eyes should be on US dollar and crude oil on Wednesday. LME lead should fluctuate between USD 1,935-1,955/mt on Wednesday. SHFE 1610 lead dropped below the 5-day moving average on Tuesday. And the contract should range at RMB 14,250-14,450/mt on Wednesday.

In China’s spot market, traders offer goods actively while downstream battery producers take a wait-and-see stance. Spot trading shows no notable improvement from Tuesday. Spot prices should drop by RMB 100/mt to RMB 14,200-14,300/mt with SHFE 1610 lead.

LME lead prices

SHFE lead prices

lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

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.

SHFE Lead to Drift Lower (2016-9-7)

SMM Events & Webinars

2025 SMM APAC Lead-Acid Battery Industry Conference

2026 SMM (21th) Lead & Zinc Conference and Industry Expo

2026 (3rd) NET ZERO MEA - Solar & Energy Storage Summit