Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SMM Morning Review - 2011/9/5 Lead Market

SMM Morning Review - 2011/9/5 Lead Market

Sep 5, 2011 09:21

LME lead prices overnight inched down after opening, finding support at USD 2,500/mt level.

SHANGHAI, Sept. 5 (SMM) -- LME lead prices overnight inched down after opening, finding support at USD 2,500/mt level. The number of US non-farm employment in August was close to July’s level, with increases much lower than the expected 75,000, pushing down LME lead prices to USD 2,460/mt. Finally, LME lead prices rallied slightly but met resistance at the 60-day moving average, finally closing at USD 2,465/mt, down USD 73.75/mt, or down 2.9%. LME lead prices should fluctuate between USD 2,450-2,500/mt today.

The US dollar index edged up and closed at 74.7.

Domestic spot lead prices should be between RMB 16,000-16,200/mt.

LME lead prices

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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Related news

SHFE Lead Closes Lower (2016-9-26)

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.

Sep 26, 2016 17:57

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 3.97% (2016-9-1)

SHFE 1610 lead started at RMB 13,965/mt and ended at RMB 14,420/mt, up RMB 550/mt or 3.97%.

Sep 1, 2016 17:44

SMM Comments

33% Market Players Negative Toward Lead Prices This Week, SMM Surveys

SMM survey of 30 Chinese lead smelters reveals that 33% of them see LME lead to drop below USD 1,843/mt this week and SHFE 1610 lead to fall below RMB 13,500/mt and test the 60-day moving average.

Aug 30, 2016 08:39

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 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

SHFE Lead Closes with 1.23% Losses (2016-7-28)

SHFE 1609 lead started at RMB 13,715/mt and then moved stably. But the contract fell by RMB 100/mt at the tail of trading before finally ending at RMB 13,605/mt, down RMB 170/mt or 1.23%.

Jul 28, 2016 17:33

SMM Comments

LME Lead to Ease from Softer Dollar (2016-7-28)

LME lead will range between USD 1,785-1,805/mt during Asian trading hours Thursday.

Jul 28, 2016 09:32

SMM Comments

Shanghai Lead to Stay High (2016-2-2)

The market will lack important macroeconomic news today. LME lead is expected to remain high between USD 1,720-1,750/mt today.

Feb 2, 2016 10:12

SMM Comments

Shanghai Lead to Maintain Upward Momentum (2016-2-1)

Official and Caixin’s January PMI for China to be released today are expected to be lower than December’s.

Feb 1, 2016 09:58

SMM Comments

SMM Events & Webinars

All

Sep
15
- NET ZERO CHINA Field Trip
  Sep 15 - 19,2025
  中国
Sep
26
- 2025 ASIA BATTERY MATERIAL COOPERATION SALON
  Sep 26 - 26,2025
  Time：9.26 2025 Place：Seoul， South Korea
  Seoul， South Korea
Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  Emmanuel Centre，London , the United Kingdom

SMM Morning Review - 2011/9/5 Lead Market

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025