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Home / Metal News / LME Lead to Hover at Highs (2017-8-24)

LME Lead to Hover at Highs (2017-8-24)

Aug 24, 2017 09:56

LME lead, which moves around the 5-day moving average, and finds support at the 20-day moving average, is expected to hover at highs on Thursday.

SHANGHAI, Aug. 24 (SMM) – LME lead, which moves around the 5-day moving average, and finds support at the 20-day moving average, is expected to hover at highs on Thursday, with prices between USD 2,370-2,400/mt. SHFE lead, with support at the 20-day moving average despite moving below the 5 and 10-day moving averages, is projected to trade at highs, with prices between RMB 19,300-19,600/mt.

In China’s domestic spot market, spot lead is estimated to trade at RMB 19,750-19,850/mt.

lead price

SHFE lead price

LME lead price

base metal price forecast

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

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SHFE 1611 lead started at RMB 14,445/mt and ended down RMB 110/mt or 0.76% at RMB 14,440/mt with a session high of RMB 14,525/mt and a session low of RMB 14,335/mt.

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SMM Comments

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

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.

Sep 26, 2016 10:02

SMM Comments

SHFE Lead Prices Up 1.35% (2016-9-21)

SHFE 1611 lead started at RMB 14,685/mt and ended at RMB 14,620/mt, up RMB 195/mt or 1.35%.

Sep 21, 2016 17:23

SMM Comments

SHFE Lead to Keep Upward Momentum (2016-9-21)

LME lead should fluctuate at USD 1,970-1,990/mt today and SHFE 1611 lead will move at RMB 14,600-14,800/mt.

Sep 21, 2016 09:37

SMM Comments

SHFE Lead Ends with Gains (2016-9-20)

SHFE 1611 lead opened at RMB 14,430/mt and closed at RMB 14,475/mt, up RMB 255/mt or 1.79%.

Sep 20, 2016 17:48

SMM Comments

SHFE Lead Prices End with Small Losses (2016-8-22)

SHFE 1610 lead started at RMB 13,945/mt and then dropped to RMB 13,870/mt before finally ending at RMB 13,900/mt, down RMB 5/mt or 0.04%.

Aug 22, 2016 17:22

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LME Lead to Hover at Highs (2017-8-24)

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NET ZERO CHINA Field Trip

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