Non-ferrous
PriceNewsPublicationDatabaseEventsConsultingNon-ferrous
Base metals
Minor metals
Precious metals
Scrap metals
Rare earth
News
SMM Morning Review - 2012/5/18 Lead Market
May 18,2012 10:15
CSTsmm insight
Source:SMM
LME lead prices kept falling after opening at USD 1,970/mt overnight.
SHANGHAI, May 18 (SMM) –Fitch downgraded Greece’s credit rating to CCC from B-, while Moody’s downgraded ratings for 16 Spanish banks. With pessimism prevailing in the market, LME lead prices kept falling after opening at USD 1,970/mt overnight and hit a low of USD 1,925/mt to finally close at USD 1,938.8/mt, down USD 21.3/mt or 1.08%. Trading volumes were up 378 lots to 8,377 lots, while positions were down 125 lots. LME lead inventories fell to 358,975 mt, down 50 mt.
The US dollar index closed at 81.5, and COMEX silver for July delivery was up USD 0.8/oz to USD 28/oz, an increase of 2.9%.
On Friday, SHFE lead prices should be between RMB 15,250-15,450/mt, with spot lead prices expected between RMB 15,250-15,350/mt.
LME lead
lead price
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
LME Lead Price to Hover at Highs (2017-9-15)
LME lead will fluctuate at highs between USD 2,300-2,330/mt today.
Sep 15, 2017 09:58CST
LME Lead Canceled Warrants Fall to 8-Month Low
Canceled warrants on LME lead decreased to an 8-month low of 50,025 tonnes, according to the London Metal Exchange (LME).
Sep 13, 2017 18:10CSTSupply Shortage Constrains Secondary Lead Transaction in China, SMM Reports
Lead smelters sold goods actively, but tight supply restricted transaction.
Aug 24, 2017 16:54CSTLead 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 14:07CST
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 09:28CST
MOST POPULAR
data analysis
price review forecast
feature
China Metals Market
Back to old version
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
Copyright © 2020 SMM Information & Technology Co, Ltd. All rights reserved.