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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 move within USD 2,270-2,300/mt, with resistance at several moving averages and support at the 20-day and 40-day moving averages.

Sep 12, 2017 09:44

SMM Comments

LME Lead to Struggle around Current Level (2017-9-12)

China Motive Battery Market Reports Tight Supply, and to Ease in Mid and Late June, SMM Reports

Motive battery supply is tight in China's market and will ease in mid and late June.

Jun 14, 2017 10:02

SMM Insight

China Motive Battery Market Reports Tight Supply, and to Ease in Mid and Late June, SMM Reports

SHFE Lead Stays Upward Momentum (2017-5-25)

SHFE 1707 lead started at RMB 15,920/mt and closed up RMB 20/mt or 0.13% to RMB 15,930/mt.

May 25, 2017 17:59

SMM Comments

SHFE Lead Stays Upward Momentum (2017-5-25)

SHFE Lead Ends with Losses (2017-2-17)

SHFE 1703 lead started at RMB 18,855/mt and ended at RMB 18,695/mt, down RMB 540/mt.

Feb 17, 2017 19:46

SMM Comments

SHFE Lead to Move Higher (2016-11-4)

LME lead is expected to fluctuate between USD 2,065-2,085/mt on Friday and SHFE 1612 lead will rise to RMB 16,450-16,650/mt.

Nov 4, 2016 09:41

SMM Comments

SHFE Lead Ends with Gains (2016-10-31)

SHFE 1612 leas started at RMB 16,510/mt and closed at at RMB 16,470, up RMB 110/mt or 0.67%.

Oct 31, 2016 18:48

SMM Comments

SHFE Lead to Remain Range-Bound Trading (2016-10-24)

LME lead is expected to move at USD 1,990-2,010/mt on Monday and SHFE 1612 lead should range between RMB 15,600-15,800/mt.

Oct 24, 2016 09:39

SMM Comments

SHFE Lead Finishes Lower (2016-9-28)

SHFE 1611 lead started at RMB 14,635/mt and finally ended at RMB 14,650/mt, down RMB 30/mt or 0.2%.

Sep 28, 2016 17:12

SMM Comments

SHFE Lead to Stay Firm (2016-9-28)

LME lead will range at USD 1,945-1,965/mt on Wednesday and SHFE 1611 lead should stay firm and move between RMB 14,500-14,700/mt.

Sep 28, 2016 10:25

SMM Comments

SHFE Lead Prices Up 2.4% (2016-9-27)

SHFE 1611 lead moved stably after starting at RMB 14,600/mt and finally closed at RMB 14,750/mt, up RMB 345/mt or 2.4%.

Sep 27, 2016 17:21

SMM Comments

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

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