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Home / Metal News / SMM Morning Review - 2012/5/4 Lead Market

SMM Morning Review - 2012/5/4 Lead Market

May 4, 2012 09:44

Source:SMM

LME lead prices opened at USD 2,131/mt overnight.

SHANGHAI, May 4 (SMM) – LME lead prices opened at USD 2,131/mt overnight. During European trading session, US jobless claims were reported better last week, but later ISM non-manufacturing data for April was worse than expected. Thus, LME lead prices dropped below USD 2,100/mt to finally close at USD 2,092/mt, down USD 38/mt or 1.78%. Trading volumes fell 800 lots to 4,401 lots, and positions decreased by 440 lots. LME lead inventories were down 675 mt to 360,325 mt.

The US dollar index closed at 79.19, and COMEX silver for July delivery was down USD 0.635/oz to USD 30/oz, a declined of over 2%.

On Friday, SHFE lead prices may move between RMB 15,700-15,850/mt, and domestic spot prices should be between RMB 15,650-15,800/mt.

LME lead

lead price

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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 to Move Lower (2017-7-20)

LME lead will trade at USD 2,200-2,230/mt on Thursday, and SHFE 1708 lead will drop marginally to RMB 17,200-17,450/mt.

Jul 20, 2017 09:24

SMM Comments

LME Lead to Hover at Highs (2017-7-11)

LME lead will hover at highs with price range at USD 2,295-2,315/mt on Tuesday, and SHFE 1708 lead will trade at RMB 17,550-17,800/mt.

Jul 11, 2017 09:58

SMM Comments

China Motive Battery Market Reports Tight Supply, and to Ease in Mid and Late June, SMM Reports

Motive battery supply is tight in China's market and will ease in mid and late June.

Jun 14, 2017 10:02

SMM Insight

China Motive Battery Market Reports Tight Supply, and to Ease in Mid and Late June, SMM Reports

LME Lead to Stay Range-Bound (2017-5-4)

LME lead will move at USD 2,170-2,225/mt on Thursday and SHFE 1706 lead will move above RMB 16,000/mt at RMB 16,000-16,400/mt.

May 4, 2017 09:37

SMM Comments

Average Operating Rate at 51 Chinese Battery Makers down to 62.12% in March, SMM Reports

Average operating rate at surveyed 51 Chinese lead-acid battery producers was 62.12% in March, up 3.35 percentage points MoM but down 4.41 percentage points YoY.

Apr 18, 2017 13:19

SMM Insight

Average Operating Rate at 51 Chinese Battery Makers down to 62.12% in March, SMM Reports

SHFE Lead Hardly to Rally with Nearing of 2017 Chinese New Year, SMM Expects

SHFE lead prices dropped on January 17 after one-week fluctuation. On January 17, SHFE 1703 lead dropped RMB 735/mt or 3.88% as of 14:32.

Jan 18, 2017 13:51

SMM Insight Industry

SHFE Lead Hardly to Rally with Nearing of 2017 Chinese New Year, SMM Expects

SHFE Lead Prices Up 1.02% (2017-1-16)

SHFE 1703 lead started at RMB 19,070/mt and finally closed at RMB 18,800/mt.

Jan 16, 2017 19:06

SMM Comments

SHFE Lead to Move Lower (2017-1-12)

LME lead is expected to range between USD 2,100-2,200/mt on Thursday and SHFE 1702 lead will move at RMB 18,000-19,000/mt .

Jan 12, 2017 09:34

SMM Comments

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