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Home / Metal News / LME Lead to See Range-Bound Trading (2017-1-24)

LME Lead to See Range-Bound Trading (2017-1-24)

Jan 24, 2017 09:33

Source:SMM

LME lead will range between USD 2,270-2,330/mt on Tuesday and SHFE 1703 lead will move at RMB 18,300-18,800/mt.

SHANGHAI, Jan. 24 (SMM) – Attention should be on US existing home sales in December on Tuesday, on an annual basis. LME lead will range between USD 2,270-2,330/mt on Tuesday and SHFE 1703 lead will move at RMB 18,300-18,800/mt.

In China’s domestic market, most downstream battery producers closed down for 2017 Chinese New Year holiday, leading to sluggish trading. Spot lead should rise RMB 100/mt and trade at RMB 18,550-18,650/mt on Tuesday.

SHFE lead

LME lead

lead prices

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LME lead will fluctuate at highs between USD 2,300-2,330/mt today.

Sep 15, 2017 09:58

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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

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Where Lead Price Heads This Week? SMM Forecasts

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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)

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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

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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

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

SHFE Lead Prices Up 0.12% (2017-3-31)

SHFE 1705 lead opened at RMB 17,340/mt and closed at RMB 17,400/mt, up RBM 20/mt or 0.12%.

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SMM Comments

Why More than 80% of Lead Industry Enterprises Are Negative on Lead Prices? SMM Surveys

About 83% of surveyed enterprises are negative and 10% expect lead price to be flat at current level, while 7% are cautiously optimistic.

Mar 30, 2017 16:42

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Why More than 80% of Lead Industry Enterprises Are Negative on Lead Prices? SMM Surveys

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LME Lead to See Range-Bound Trading (2017-1-24)

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