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Home / Metal News / SHFE Lead to Drift Lower (2016-9-7)

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

Sep 7, 2016 09:32

Source:SMM

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

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LME lead will trade at $2,225-2,300 per tonne this week, and SHFE 1708 lead will fluctuate at 17,500-17,800 yuan per tonne.

Jul 10, 2017 17:45

SMM Insight

Where Lead Price Heads This Week? SMM Forecasts

Where Will Lead Head This Week? SMM Forecasts

LME lead will stay firm this week with price range at USD 2,270-2,310/mt, and SHFE 1708 lead will hover at RMB 17,600-18,200/mt.

Jul 3, 2017 09:41

SMM Insight

Where Will Lead Head This Week? SMM Forecasts

SHFE Lead Closes Higher (2017-6-30)

SHFE 1708 lead opened at RMB 17,815/mt and closed at RMB 17,800/mt, up RMB 65/mt or 0.37%.

Jun 30, 2017 19:20

SMM Comments

SHFE Lead to Lack of Upward Strength (2017-6-6)

LME lead will trade at USD 2,100-2,125/mt on Tuesday and SHFE 1707 lead, lacking of upward strength, will fluctuate between RMB 16,400-16,700/mt.

Jun 6, 2017 09:27

SMM Comments

SHFE Lead to Lack of Upward Strength (2017-6-6)

LME Lead to Find Support (2017-6-1)

LME lead will move at USD 2,100-2,130/mt on Thursday and SHFE 1707 lead will fluctuate between RMB 15,850-16,200/mt.

Jun 1, 2017 09:39

SMM Comments

Shanghai Spot Lead Prices to Hold Flat (2017-5-31)

LME lead rose above the 5- and 10-day moving averages, and is expected to move between USD 2,095-2,130/mt today.

May 31, 2017 10:00

SMM Comments

Shanghai Spot Lead Prices to Hold Flat (2017-5-31)

Two Motive Battery Producers Raise Prices, Improving Transaction, SMM Reports

Two leading battery producers in China announced to raise motive battery price up by 30-50 yuan, such as 48v20Ah up to above 500 yuan。

May 24, 2017 13:34

SMM Insight

Two Motive Battery Producers Raise Prices, Improving Transaction, SMM Reports

China Lead Price to Keep Rising Momentum after Tuesday’s Surge, SMM Expects

Lead price in China’s market has been rising since the beginning of 2016, and SHFE 1612 lead, the most active one, advanced to its daily upward limit on Oct. 25, the highest level since October 16, 20

Oct 25, 2016 15:50

SMM Insight

China Lead Price to Keep Rising Momentum after Tuesday’s Surge, SMM Expects

SHFE Lead Closes Lower (2016-9-26)

SHFE 1611 lead started at RMB 14,445/mt and ended down RMB 110/mt or 0.76% at RMB 14,440/mt with a session high of RMB 14,525/mt and a session low of RMB 14,335/mt.

Sep 26, 2016 17:57

SMM Comments

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.

Sep 26, 2016 10:02

SMM Comments

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

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