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Home / Metal News / SMM Morning Review - 2012/3/15 Lead Market

SMM Morning Review - 2012/3/15 Lead Market

Mar 15, 2012 09:31

Source:SMM

LME lead prices overnight opened at USD 2,165/mt and fluctuated down due to the strong US dollar index.

SHANGHAI, Mar. 15 (SMM) – LME lead prices overnight opened at USD 2,165/mt and fluctuated down due to the strong US dollar index. Later, as the NPC and CPPCC sessions suggested the persistent tight property policy in China, both relative property section and base metals dropped. LME lead prices finally closed at USD 2,105/mt with depressed market sentiment, surrendering the gains since last Thursday, down USD 58.3/mt, or 2.69%.

The US dollar index closed at 80.6, and COMEX 5 month silver slumped to close at USD 32.19/oz, down USD 1.2/oz or 3.6%.

On Thursday, SHFE lead prices are expected to move between RMB 15,700-16,000/mt. Domestic spot prices should be RMB 15,700-15,850/mt.

LME lead

lead price

US dollar index

COMEX silver

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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Domestic lead-acid battery producers have recently announced output cut plans for the upcoming 2017 Chinese National Day and Mid-Autumn holidays in early October.

Sep 27, 2017 09:37

Industry Reminder

Chilwee Group Announces Production Suspension for Upcoming Holiday

Higher Tax Squeezes Profits at China Lead-acid Battery Producers, SMM Reports

Domestic lead-acid battery producers face growing cost burdens in 2017, SMM lead analyst said 2017 SMM Secondary Lead-acid Battery Summit.

Sep 15, 2017 15:14

SMM Insight

Higher Tax Squeezes Profits at China Lead-acid Battery Producers, SMM Reports

SHFE Lead Closes with Small Losses (2017-8-3)

SHFE 1709 lead opened at RMB 18,555/mt and closed at RMB 18,425/mt, down RMB 15/mt or 0.08%.

Aug 3, 2017 17:16

SMM Comments

SHFE Lead Closes with Small Losses (2017-8-3)

Tight Supply Refrains Transaction in China Lead Market, SMM Reports

Traders in China's market had low price-making interest in response to low inventories, and firm price kept downstream battery producers at sidelines, resulting in sluggish trading.

Aug 3, 2017 14:08

SMM Comments Industry

Tight Supply Refrains Transaction in China Lead Market, SMM Reports

SHFE Lead Strengthens (2017-8-2)

SHFE 1709 lead opened at RMB 18,185/mt and ended at RMB 18,445/mt, up RMB 255/mt or 1.40%.

Aug 2, 2017 17:29

SMM Comments

LME Lead to Strength (2017-7-31)

LME lead will hover at USD 2,305-2,335/mt on Monday and SHFE 1709 lead will fluctuate between RMB 18,050-18,250/mt.

Jul 31, 2017 09:33

SMM Comments

Orders at Ignition Battery Producers See No Improvement, Despite of Rising End-User Demand, SMM Says

Orders at ignition battery producers saw no improvement in Zhejiang due to wary purchase sentiment of distributors.

Jul 26, 2017 17:59

Industry

Orders at Ignition Battery Producers See No Improvement, Despite of Rising End-User Demand, SMM Says

SHFE Lead Price Up 1.15% (2017-7-25)

SHFE 1709 lead, becoming the most actively trade one, opened at RMB 17,460/mt and closed at RMB 17,645/mt, up RMB 200/mt or 1.15%.

Jul 25, 2017 17:51

SMM Comments

Primary Lead Inventory in Shanghai and Guangdong to Rally This Week, SMM Expects

Primary lead inventory in Shanghai and Guangdong inched up 400 tonnes to 29,400 tonnes last week.

Jul 24, 2017 13:23

Industry SMM Comments

Primary Lead Inventory in Shanghai and Guangdong to Rally This Week, SMM Expects

WBMS: Global Lead Supply Remains in Deficit of 172,000 Tonnes in January-May 2017

Global lead market still reported supply deficit at 172,000 tonnes in the first five months of 2017, according to World Bureau of Metal Statistics (WBMS).

Jul 20, 2017 09:41

SMM Insight Industry

WBMS: Global Lead Supply Remains in Deficit of 172,000 Tonnes in January-May 2017

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SMM Morning Review - 2012/3/15 Lead Market

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit