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Home / Metal News / LME Lead to See Range-Bound Trading (2016-9-9)

LME Lead to See Range-Bound Trading (2016-9-9)

Sep 9, 2016 09:36

Source:SMM

LME lead is predicted to move at USD 1,910-1,930/mt on Friday and SHFE 1610 lead will range between RMB 14,050-14,250/mt.

SHANGHAI, Sept. 9 (SMM) – Eyes should be on China’s CPI and PPI and movement of crude oil on Friday. LME lead is predicted to move at USD 1,910-1,930/mt on Friday. SHFE 1610 lead dropped at first but then increased on Thursday. The contract will range between RMB 14,050-14,250/mt on Friday.

In China’s domestic market, traders offer prices actively while downstream battery producers take a wait-and-see stance and purchase only in a small amount. Thus, trading should remain sluggish. Spot lead should be traded at RMB 14,100-14,250/mt on Friday with fluctuating SHFE 1610 lead.

SHFE lead price

LME lead prices

lead prices

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The power rationing in Yunnan, Henan, and Hunan since July-August and the power rationing in Jiangxi and Guangxi in September are undoubtedly the current hot spots. According to a recent SMM survey, the power rationing in Jiangsu, Guangdong and other regions in China has continued. Since late September, the social inventory of lead ingots has declined due to the combined effects of losses, power rationing and environmental protection.

Oct 22, 2021 15:34

Analysis

Lead Price in Fourth Quarter Will Be Higher Than Third Quarter, to Meet Resistance in Medium and Long Term

LME Lead Price to Hover at Lows (2017-10-23)

LME lead will fluctuate at highs between USD 2,460-2,490/mt today.

Oct 23, 2017 09:38

SMM Comments

LME Lead Price to Hover at Lows (2017-10-23)

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

Average Operating Rate at 51 Chinese Battery Makers down to 62.12% in March, SMM Reports

Average operating rate at surveyed 51 Chinese lead-acid battery producers was 62.12% in March, up 3.35 percentage points MoM but down 4.41 percentage points YoY.

Apr 18, 2017 13:19

SMM Insight

Average Operating Rate at 51 Chinese Battery Makers down to 62.12% in March, SMM Reports

SHFE Lead Finishes with Gains (2017-1-11)

SHFE 1702 lead started at RMB 18,800/mt and finally ended at RMB 18,780/mt, up RMB 315/mt or 1.71%.

Jan 11, 2017 17:46

SMM Comments

SHFE Lead Finishes with Gains (2017-1-11)

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

SHFE Lead Prices Up 1.35% (2016-9-21)

SHFE 1611 lead started at RMB 14,685/mt and ended at RMB 14,620/mt, up RMB 195/mt or 1.35%.

Sep 21, 2016 17:23

SMM Comments

SHFE Lead to Keep Upward Momentum (2016-9-21)

LME lead should fluctuate at USD 1,970-1,990/mt today and SHFE 1611 lead will move at RMB 14,600-14,800/mt.

Sep 21, 2016 09:37

SMM Comments

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

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.

Sep 7, 2016 09:32

SMM Comments

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LME Lead to See Range-Bound Trading (2016-9-9)

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