SMM Lead Market Daily Review (2015-5-29)

Published: Jun 01, 2015 09:14 (GMT+8)

Save

After SHFE 1507 lead opening Friday trading session, the contract soared to RMB 13,400/mt due to rebounding China’s A-share and shorts’ gathering strength.

SHANGHAI, May 29 (SMM) - After SHFE 1507 lead opening Friday trading session, the contract soared to RMB 13,400/mt due to rebounding China’s A-share and shorts’ gathering strength and finally ended up RMB 60/mt at RMB 13,415/mt.

Lead futures prices rose but spot lead prices remained flat in spot market. Baiyin (packed in plastic), Hanjiang and Shuangyan brands traded at RMB 13,850/mt, a RMB 480/mt premium over SHFE 1507 lead. Shuangyan (packed in iron) and Honglu brands settled at RMB 13,440-13,480/mt.

Lead smelters planed to fill orders next week with goods arriving then. Few downstream producers purchased due to tight liquidity at the end of the month. Thus, trades failed to pick up today.

Spot supply in Henan increased while downstream buyers cut purchase at RMB 13,750-13,850/mt. Besides, deals were made at RMB 13,380-13,500/mt in Guangdong.

lead prices SHFE lead prices spot lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

28 mins ago

[SMM Stainless Steel Market Flash] EU Draft Leaves India, Malaysia and Thailand Off Metal Scrap List

India, Malaysia and Thailand are not included in the European Commission’s draft authorization list for receiving certain ferrous and non-ferrous metal scrap from the EU. Under the revised EU Waste Shipment Regulation, exports of non-hazardous waste to non-OECD countries will generally be prohibited from May 21, 2027 unless the destination country has requested authorization and demonstrated environmentally sound waste management. The Commission opened consultation on the draft on September 18 and plans to adopt the first final list by the end of 2026.

28 mins ago

31 mins ago

[SMM Nickel Market Flash] Tesla Expands US Battery Localization as Cybercab Uses Domestic Nickel Cathode

Tesla is expanding US-based battery and critical-material production, with Cybercab now using nickel cathode material produced at Gigafactory Texas. Tesla has also been ramping domestic lithium refining, cathode materials and LFP production during 2026. The move reflects a broader effort to increase local sourcing of key vehicle materials as US trade policies tighten.

31 mins ago

41 mins ago

[SMM Nickel Market Flash] EnerVenue Bets on Nickel-Hydrogen Batteries to Compete with LFP Storage

EnerVenue is positioning its nickel-hydrogen technology to compete in the rapidly growing energy-storage market, where lithium iron phosphate batteries are widely used. The company sees advantages in cycle life, safety and performance under harsh operating conditions. As global storage demand expands, commercialization of non-lithium technologies is accelerating, bringing greater attention to nickel-based energy-storage systems.

41 mins ago