[Pb Price]SMM Lead Market Morning Review (2015-8-10)

Published: Aug 10, 2015 09:28

Save

LME lead opened lower at USD 1,701/mt during last Friday evening session.

SHANGHAI, Aug. 10 (SMM) – LME lead opened lower at USD 1,701/mt during last Friday evening session and depressed to a low of USD 1,868/mt by concerns over US non-farm payrolls number. Then the released US non-farm payrolls number increased 215,000, below previous 223,000, pushing dollar down. LME lead grew to USD 1,730/mt before ending at USD 1,720.5/mt, rising USD 15/mt. Trading volumes upped 1,063 to 4,552 lots while positions decreased 274 to 126,003. LME lead stocks dropped 2,725 mt to 210,075 mt.

SHFE 1510 lead started at RMB 12,765/mt for night trading Friday and touched a low of RMB 12,725/mt. Later, the price soared to RMB 12,900/mt and closed at RMB 12,850/mt, rising RMB 35/mt with shorts closing positions.

LME lead should narrowly move between USD 1,700-1,730/mt today. SHFE 1510 lead may hover between RMB 12,780-12,900/mt and RMB 13,100-13,250/mt for spot lead.

LME lead price forecast SHFE lead prices Pb Price

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 to learn 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

16 hours ago

INE to Expand Tradable Options for Qualified Foreign Investors, Adding TSR 20 Rubber and Copper Contracts

According to an announcement by the Shanghai International Energy Exchange, with the approval of the China Securities Regulatory Commission, effective April 22, 2026 (from the night continuous trading session on April 21), the Shanghai International Energy Exchange (hereinafter referred to as INE) will further expand the range of tradable products available to Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (collectively, Qualified Foreign Investors), with the newly added commodity options contracts open for trading as follows: TSR 20 rubber and international copper options contracts.

16 hours ago

Copper Inventories in Major Regions of China Continued Destocking During the Week [SMM Weekly Data]

16 hours ago

SMM Copper Wire and Cable Operating Rate Rises Slightly to 70.77%, Market Performance Mediocre

[SMM Copper Wire and Cable Operating Rate] The operating rate of SMM copper wire and cable enterprises was 70.77% this week, up 0.24 percentage points MoM. Overall operating performance was stable, while market performance was relatively mediocre. During the week, the pullback in copper prices suppressed the release of new orders, but enterprises had ample orders on hand and pending delivery, supporting basically stable production. New orders across downstream segments were generally weak, with demand in the home decoration sector particularly mediocre due to rising plastic raw material prices.

16 hours ago