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Home / Metal News / SHFE Lead Sets for Losses (2016-9-26)

SHFE Lead Sets for Losses (2016-9-26)

Sep 26, 2016 10:02

Source:SMM

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.

SHANGHAI, Sept. 26 (SMM) – Eyes should be on US new home sales in August on Monday, which are expected to be lower than July’s level , giving base metals price support. LME lead should move at USD 1,905-1,925/mt on Monday.

SHFE 1611 lead opened lower last Friday and then stabilized at around RMB 14,435/mt and the contract is predicted to range between RMB 14,350-14,550/mt on Monday.

In China’s domestic market, demand at downstream battery producers may increase with the upcoming China’s National Day Holidayduring October 1-7 while supply of spot lead remains tight, helping lead price up. But with expected declines in SHFE lead, spot lead may drop by RMB 25/mt to RMB 14,400-14,550/mt today.

LME lead prices

SHFE lead price

lead prices

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Eyes should be on US dollar index on Wednesday. LME lead will move at USD 2,140-2,180/mt on Wednesday and SHFE 1706 lead will fluctuate between RMB 15,800-16,350/mt.

Apr 26, 2017 09:19

SMM Comments

LME Lead to Move in a Tight Range (2017-4-26)

Global Lead Supply Reverse to Surplus in February 2017

International Lead and Zinc Study Group (ILZSG) issued on Apr. 12 that global lead market had an 11,700 tonnes of surplus in February.

Apr 13, 2017 14:25

SMM Insight

Global Lead Supply Reverse to Surplus in February 2017

SHFE Lead to Stabilize (2017-4-10)

LME lead will move at USD 2,230-2,300/mt on Monday and SHFE 1705 lead will stabilize 16,200-17,000/mt at RMB after a sharp decline.

Apr 10, 2017 09:18

SMM Comments

LME Lead to See Range-Bound Trading (2017-4-7)

LME lead will be weighed by the 20-day moving average and move at USD 2,260-2,310/mt on Friday and SHFE 1705 lead will fluctuate between RMB 17,200-17,600/mt.

Apr 7, 2017 09:41

SMM Comments

LME Lead to See Range-Bound Trading (2017-4-7)

LME Lead to Move in a Tight Range (2017-3-31)

LME lead will fluctuate between USD 2,300-2,370/mt and SHFE 1705 lead will move at RMB 17,000-17,600/mt.

Mar 31, 2017 09:33

SMM Comments

LME Lead to Move in a Tight Range (2017-3-31)

LME Lead to See Range-Bound Trading (2016-9-19)

LME lead is expected to range between USD 1,925-1,945/mt on Monday and SHFE 1610 lead will move at RMB 13,950-14,150/mt.

Sep 19, 2016 09:44

SMM Comments

SHFE Lead to Remain on the Upward Track (2016-9-2)

LME lead is predicted to range between USD 1,930-1,950/mt on Friday and SHFE 1610 lead to move at RMB 14,400-14,600/mt.

Sep 2, 2016 10:05

SMM Comments

SHFE Lead Prices Up 0.07% (2016-8-26)

SHFE 1610 lead started at RMB 13,945/mt and ended at RMB 13,960/mt, up RMB 10/mt or 0.07%.

Aug 26, 2016 17:11

SMM Comments

SHFE Lead Ends with Losses (2016-8-12)

SHFE 1609 lead started at RMB 13,835/mt and moved around RMB 13,805/mt. The price later fell back from a high of RMB 13,860/mt and finally ended at RMB 13,805/mt, down RMB 30/mt or 0.22%.

Aug 12, 2016 16:47

SMM Comments

SHFE Lead Ends Higher (2016-7-29)

SHFE 1609 lead started at RMB 13,675/mt and then rose to previous level of RMB 13,750/mt. The contract ended at RMB 13,775/mt, up RMB 85/mt or 0.62%.

Jul 29, 2016 17:42

SMM Comments

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SHFE Lead Sets for Losses (2016-9-26)

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