SHFE Lead Price Up 2.05% (2017-7-31)

Published: Jul 31, 2017 18:07

Save

SHFE 1709 lead opened at RMB 18,135/mt and closed at RMB 18,400/mt, up RMB 370/mt, or 2.05%.

SHANGHAIM, Jul. 31 (SMM) – On Monday, SHFE 1709 lead opened at RMB 18,135/mt and then fluctuated at RMB 18,165-18,225/mt. Later, the contract advanced to RMB 18,480/mt with rising Chinese yuan. SHFE 1709 lead fell back to RMB 18,340/mt with longs taking profits and rallied at the tail of trading. The contract closed at RMB 18,400/mt, up RMB 370/mt, or 2.05%. Trading volumes reduced 8,852 to 75,518 lots and positions rose 3,738 to 49,012.

TCs for Lead Concentrate Fall on Tight Supply, SMM Reports

SHFE 1709 lead will hover at highs on Monday’s night trading.

SHFE lead to Challenge 8,300 Yuan This Week, SMM Forecasts

SHFE lead LME lead 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 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

Feb 6, 2026 19:50

Lead Prices Stagnant, Smelters Maintain Firm Offers Amid Losses

Lead prices were in the doldrums, while secondary lead smelters maintained firm offers due to losses. The mainstream spot order ex-factory prices including tax narrowed the discount to the SMM #1 lead average price by 100 yuan/mt, shifting to a premium of 0–25 yuan/mt, with some smelters halting offers and sales.

Feb 6, 2026 19:50

Feb 6, 2026 19:49

"Domestic Secondary Crude Lead Market Slows as Holidays Approach, Smelters Halt Production"

Pre-holiday stockpiling by downstream enterprises had largely concluded, and a few had already entered the holiday period, completely suspending procurement. Next week, secondary lead smelters will enter a concentrated wave of production halts and holidays, resulting in sluggish trading activity in the spot market. Offers for spot refined lead orders were sparse, with prices moving in line with the market.

Feb 6, 2026 19:49

Feb 6, 2026 19:48

Sluggish Transactions in Domestic Secondary Crude Lead Market, Prices at 15,250-15,400 Yuan/mt

The domestic secondary crude lead market experienced sluggish transactions. As of February 6, 2026, the ex-factory tax-exclusive offers for domestic secondary crude lead stood at 15,250-15,400 yuan/mt. Downstream refined lead and alloy smelters gradually entered the holiday period, showing weak stockpiling willingness. Overseas lead ingot suppliers basically halted transactions with China due to poor consumption in the Chinese market, with only some previously concluded shipments maintaining normal in-transit transportation. The trading atmosphere in the secondary crude lead market will continue to weaken next week.

Feb 6, 2026 19:48