LME Lead to Stay Range-Bound (2017-5-4)

Published: May 4, 2017 09:37

Save

LME lead will move at USD 2,170-2,225/mt on Thursday and SHFE 1706 lead will move above RMB 16,000/mt at RMB 16,000-16,400/mt.

SHANGHAI, May 4 (SMM) – Eyes should be on US’s initial jobless claim from the week ending April 29 on Thursday. LME lead will move at USD 2,170-2,225/mt on Thursday and SHFE 1706 lead will move above RMB 16,000/mt at RMB 16,000-16,400/mt.

In China’s domestic market, spot lead should drop RMB 100/mt and trade at RMB 16,050-16,200/mt on Thursday.

SHFE lead LME lead lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

Data: SHFE, DCE market movement (Mar 26)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 26 Mar , 2026

11 hours ago

SHFE Lead Rebounded Slightly After an Intraday Dip and Closed with a Small Bearish Candlestick [Lead Futures Brief Review]

11 hours ago

18 hours ago

LME Lead Bottomed Out, While SHFE Lead Retreated After Rapid Rise and Consolidated [SMM Lead Morning Brief]

18 hours ago

Related News

Data: SHFE, DCE market movement (Mar 26)

Mar 26, 2026 15:56

SHFE Lead Rebounded Slightly After an Intraday Dip and Closed with a Small Bearish Candlestick [Lead Futures Brief Review]

Mar 26, 2026 15:51

LME Lead Bottomed Out, While SHFE Lead Retreated After Rapid Rise and Consolidated [SMM Lead Morning Brief]

Mar 26, 2026 09:06

Tight Warehouse Supply in Jiangsu, Zhejiang, and Shanghai, Stronger Support From Firm Spot Price Offers [SMM Lead Morning Meeting Summary]

Mar 26, 2026 08:58