[brief comment on lead in SMM period] the high level of lead in Shanghai will fall back at night or continue the weak market.

Published: Jul 22, 2019 16:38
Shanghai lead closed Dayin line, high fall, mostly caused by bulls profit from the place, and the outer market lead trend is weak, lead Shanghai lead strong power greatly weakened, but considering that Shanghai lead medium-and short-term moving average is still upward trend, night Shanghai lead or continue the weak market

SMM July 22 News:

Within a day, the Shanghai lead 1909 contract opened at 16470 yuan / ton, at the beginning of the day, the Shanghai lead impact was weak, followed by a narrow concussion along the 16505 yuan / ton line. In the afternoon, the non-ferrous metals weakened as a whole, and the Shanghai lead also could not escape the downward trend. The center of gravity accelerated to move down, once lower to 16355 yuan / ton, and finally closed at 16430 yuan / ton, down 175 yuan / ton, down 1.05%, and the position was reduced by 4696 hands to 61176 hands. Shanghai lead closed Dayin line, high fall, mostly caused by bulls profit from the place, and the outer market lead trend is weak, lead Shanghai lead strong power greatly weakened, but considering that Shanghai lead medium-and short-term moving average is still upward trend, night Shanghai lead or continue weak market.

(Guo Rong of Shanghai Color Network Tel: 021 51666879)

 

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
Lead Prices Stagnant, Smelters Maintain Firm Offers Amid Losses
20 hours ago
Lead Prices Stagnant, Smelters Maintain Firm Offers Amid Losses
Read More
Lead Prices Stagnant, Smelters Maintain Firm Offers Amid Losses
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.
20 hours ago
"Domestic Secondary Crude Lead Market Slows as Holidays Approach, Smelters Halt Production"
20 hours ago
"Domestic Secondary Crude Lead Market Slows as Holidays Approach, Smelters Halt Production"
Read More
"Domestic Secondary Crude Lead Market Slows as Holidays Approach, Smelters Halt Production"
"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.
20 hours ago
Sluggish Transactions in Domestic Secondary Crude Lead Market, Prices at 15,250-15,400 Yuan/mt
20 hours ago
Sluggish Transactions in Domestic Secondary Crude Lead Market, Prices at 15,250-15,400 Yuan/mt
Read More
Sluggish Transactions in Domestic Secondary Crude Lead Market, Prices at 15,250-15,400 Yuan/mt
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.
20 hours ago