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Home / Metal News / Shanghai Spot Lead Prices to Hold Flat (2017-5-31)

Shanghai Spot Lead Prices to Hold Flat (2017-5-31)

May 31, 2017 10:00

Source:SMM

LME lead rose above the 5- and 10-day moving averages, and is expected to move between USD 2,095-2,130/mt today.

SHANGHAI, May 31 (SMM) – LME lead rose above the 5- and 10-day moving averages, and is expected to move between USD 2,095-2,130/mt today. SHFE 1707 lead found strong support from RMB 15,800/mt, but met great resistance from RMB 16,000/mt, and should hover between RMB 15,800-16,050/mt. Spot prices in Shanghai will fluctuate between RMB 15,850-15,950/mt.

lead prices

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LME lead will move at USD 2,120-2,180/mt on Monday and SHFE 1706 lead is expected to fluctuate between RMB 15,700-16,250/mt.

Apr 24, 2017 09:12

SMM Comments

SHFE Lead to Remain Range-Bound (2017-4-24)

SHFE Lead Prices down 1.38% (2017-3-3)

SHFE 1704 lead opened at RMB 18,530/mt and ended at RMB 18,570/mt, down RMB 260/mt or 1.38%.

Mar 3, 2017 18:40

SMM Comments

SHFE Lead Ends with Losses (2017-2-22)

SHFE 1704 lead started at RMB 18,920/mt and closed at RMB 18,825/mt, down 315/mt or 1.65%.

Feb 22, 2017 16:15

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 Prices Up 2.14% (2016-8-18)

SHFE 1609 lead started at RMB 13,615/mt and ended at RMB 13,840/mt, up RMB 290/mt or 2.14%.

Aug 18, 2016 17:38

SMM Comments

Heavy Rains Disrupt Production and Railway Transportation, SMM Reports

From late June, provinces, including Hubei, Anhui, Jiangsu, Jiangxi and Guangdong, are suffering from heavy rainfall. What’s impact from the rain on metals producers in those regions?

Jul 8, 2016 11:56

SMM Insight

LME Lead to Stay on Upside Track Next Week

LME lead will remain on the upside tract next week and should test resistance at $ 1,660 per tonne, SMM predicts.

Jan 22, 2016 15:13

SMM Insight

LME Lead to Hold above Moving Average (2016-1-22)

LME lead stays above the 5 and 10-day moving averages and should move between USD 1,620-1,650/mt during Asian trading hours Friday.

Jan 22, 2016 09:32

SMM Comments

SHFE 1506 Lead down RMB 140/mt (Apr. 23, 2015)

SHFE 1506 lead, the most active contract, rolled back Wednesday’s daytime gains at night and closed at RMB 13,610/mt, down RMB 20/mt , after hitting a high of RMB 13,730/mt.

Apr 23, 2015 17:27

SMM Comments

SHFE 1506 Lead Edges up RMB 5/mt (April 20, 2015)

The most active SHFE 1506 lead jumped to RMB 13,600/mt Monday from RMB 13,490/mt last Friday’s evening session.

Apr 20, 2015 17:28

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