Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
DashboardDatabaseProReportsEventsCar Insight
Download our mobile app to
your devices
SMM Morning Review - 2012/2/6 Lead Market
Feb 6, 2012 09:15Source:SMM
LME lead prices opened at USD 2,165/mt on Friday.
SHANGHAI, Feb 6 (SMM) – LME lead prices opened at USD 2,165/mt on Friday. During Asian trading hours, market were cautiously waiting for US economic data with prices hovering between USD 2,160-2,180/mt. During European trading hours, the January US unemployment rate was reported lower than expected and nonfarm payrolls were up 243,000 in January, much higher than expectations. As a result, LME lead prices were driven up but met resistance at the 10-day moving average, and finally closed at USD 2,226/mt, up USD 68/mt or 3.16%. Trading volumes increased by 333 lots to 5,971 lots. Positions were up 2,876 lots to 111,000 lots. LME lead inventories increased by 5,300 mt to 375,300 mt.
The US dollar index closed at 78.91, and COMEX silver closed at USD 33.7/oz, down 1.66%.
On Monday, SHFE lead prices may move between RMB 16,100-16,400/mt. Domestic spot prices should be between RMB 15,900-16,150/mt.
LME lead
lead prices
lead Pb
COMEX silver
US dollar index
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
Supply Shortage Constrains Secondary Lead Transaction in China, SMM Reports
Lead smelters sold goods actively, but tight supply restricted transaction.
Aug 24, 2017 16:54
Lead Spot Premiums Narrow amid Weaker SHFE 1710 Lead, SMM Reports
Cargo holders made firm offers in response to tight supply, and downstream producers increased inquiries.
Aug 24, 2017 14:07
LME Lead to Hover at Highs (2017-8-17)
LME lead will trade at USD 2,480-2,520/mt on Thursday and SHFE 1709 lead will fluctuate at RMB 20,000-20,400/mt.
Aug 17, 2017 09:28
LME Lead to Hover at Highs (2017-8-16)
LME lead will trade at USD 2,320-2,355/mt on Wednesday and SHFE 1709 lead will fluctuate at RMB 19,200-19,400/mt.
Aug 16, 2017 09:20
LME Lead to Remain Range-Bound (2017-8-11)
LME lead will trade at USD 2,350-2,390/mt on Friday and SHFE 1709 lead will fluctuate at RMB 19,000-19,350/mt.
Aug 11, 2017 09:23
SHFE Lead Jumps 3.49% (2017-8-9)
SHFE 1709 lead opened at RMB 19,010/mt and closed at RMB 19,700/mt, up RMB 665/mt or 3.49%.
Aug 9, 2017 17:32SMM Events & Webinars
All- Oct09
NET ZERO EUROPE - Solar & Energy Storage Summit
Oct 09 - 10,2024THE EGG BRUSSELS, BELGIUM
- Oct08
2nd Li-ion Battery Europe 2024
Oct 08 - 10,2024THE EGG BRUSSELS, BELGIUM
- Jun24
2024 Global Renewable Metal Industry Chain Summit
Jun 24 - 25,2024To foster international cooperation and dialogue among industry colleaguesKuala Lumpur , Malaysia
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.
