Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

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

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / SMM Morning Review - 2012/3/21 Lead Market

SMM Morning Review - 2012/3/21 Lead Market

Mar 21, 2012 09:14

Source:SMM

LME lead prices overnight opened at USD 2,099/mt and hovered around the level during Asian trading hours.

SHANGHAI, Mar. 21 (SMM) – LME lead prices overnight opened at USD 2,099/mt and hovered around the level during Asian trading hours due to lack of important news. Later, as BHP Billiton said China’s ore demand was weakening, causing market concerns over China’s economy, LME lead prices plunged to nearly USD 2,000/mt and finally closed at USD 2,027.5/mt, down USD 77.5/mt or 3.68%. Trading volumes increased by 4,510 lots to 8,273 lots, and positions were down 598 lots to 114,000 lots. LME lead inventories increased by 1,475 mt to 370,125 mt.

The US dollar index closed at 79.55 and COMEX 5 month silver closed at USD 31.83/oz, down USD 1.166/oz, or 3.53%.

On Wednesday, SHFE lead prices should move between RMB 15,600-15,900/mt due to the slump of LME lead prices, and domestic spot prices are expected to be RMB 15,650-15,800/mt.

LME lead

lead price

COMEX silver

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

Chilwee Group Announces Production Suspension for Upcoming Holiday

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.

time

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.

time

Sep 15, 2017 15:14

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%.

time

Aug 3, 2017 17:16

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.

time

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%.

time

Aug 2, 2017 17:29

SHFE Lead Strengthens (2017-8-2)

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.

time

Jul 31, 2017 09:33

LME Lead to Strength (2017-7-31)

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.

time

Jul 26, 2017 17:59

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%.

time

Jul 25, 2017 17:51

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

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.

time

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).

time

Jul 20, 2017 09:41

SMM Insight Industry

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

SMM Events & Webinars

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday 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.