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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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SHFE 1709 lead opened at RMB 18,555/mt and closed at RMB 18,425/mt, down RMB 15/mt or 0.08%.

Aug 3, 2017 17:16

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SHFE 1709 lead opened at RMB 18,185/mt and ended at RMB 18,445/mt, up RMB 255/mt or 1.40%.

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LME lead will hover at USD 2,305-2,335/mt on Monday and SHFE 1709 lead will fluctuate between RMB 18,050-18,250/mt.

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Orders at Ignition Battery Producers See No Improvement, Despite of Rising End-User Demand, SMM Says

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SMM Comments

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Industry SMM Comments

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SMM Insight Industry

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Dec 20, 2016 14:09

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Dec 8, 2016 17:55

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

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