SMM October 24 other areas lead market situation KuaiBao

Published: Oct 24, 2019 12:46

Save

SMM, 24 October:

Guangdong market South China lead 16650 yuan / ton, to SMM1# lead average price flat water quotation; Guangxi south 16530 yuan / ton, to SMM1# lead average price discount 120 yuan / ton quoted from the factory. Lead price weakness does not change, some traders sell at low prices, paste water shipment enthusiasm decline, at the same time downstream demand is limited, market trading is light.

Henan Yuguang, Wanyang scattered single temporarily do not quote, mainly long single; Jinli 16500-16550 yuan / ton, the average price of SMM1# lead discount 150100 yuan / ton quotation. As some of the local refineries are still in the maintenance state, especially the delivery brand supply is limited, and the downstream demand is not prosperous, the overall market is still dominated by long single transactions.

Other areas such as: Hunan Shuikoushan 16600-16620 yuan / ton, the average price of SMM1# lead 50-30 yuan / ton quotation (traders); Jiangxi copper industry 16650 yuan / ton, the average price of SMM1# lead flat quotation; Yunnan Zhenxing 16350 yuan / ton, the average price of SMM1# lead discount 300 yuan / ton.

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

4 hours ago

Supply and Energy Impacts Outside China Continued, and LME Lead Showed an Upward Fluctuating Trend [SMM Lead Morning Brief]

[SMM Lead Morning Briefing: The Impact of Supply and Energy outside China Continued, and LME Lead Fluctuated Upward] SMM News on March 31: Overnight, LME lead opened at $1,904.5/mt. The impact of geopolitical developments outside China recurred, while the effects of supply and energy on nonferrous metals intensified, and LME lead fluctuated upward throughout the day......

4 hours ago

Macro and Fundamental Bullish and Bearish Factors Coexist, Lead Prices May Continue to Consolidate in the Short Term [SMM Lead Morning Meeting Minutes]

[SMM Lead Morning Meeting Summary: Macro Factors and Fundamentals Present Both Bullish and Bearish Signals, and Lead Prices May Continue to Consolidate in the Short Term] Fed Chairman Powell released dovish signals, and the market once again bet on the possibility of an interest rate cut within the year. Recently, production at primary lead and secondary lead smelters has resumed, supply has been relatively ample, and imported lead has continued to flow into China...

4 hours ago

16 hours ago

Dubai Crude Lead FOB Price at LME Spot + $120: SMM Report

[Imported Lead Market Update] According to SMM, the recent FOB price of Dubai crude lead (99.985%) was the LME spot price + $120.

16 hours ago