SMM May 7 Shanghai lead Market News: the trend of lead price is strong and the downstream is afraid of high mining._SMM

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Home / Metal News / Lead / SMM May 7 Shanghai lead Market News: the trend of lead price is strong and the downstream is afraid of high mining.

SMM May 7 Shanghai lead Market News: the trend of lead price is strong and the downstream is afraid of high mining.

May 7,2020 12:07

CST

translation

Source:SMM

The content below was translated by Tencent automatically for reference.

SMM May 7: Shanghai market Jinsha lead 14465-14500 yuan / ton, Shanghai lead 2006 contract up 560-600 yuan / ton quotation; Wuxi market southern lead 14400-14450 yuan / ton, Shanghai lead 2006 contract 500-550 yuan / ton quotation. Lead trend is strong, some traders due to limited warehousing, continue high water quotation, but downstream fear high careful mining, high price transaction is extremely difficult, other holders to SMM1# lead average price flat water or small discount water quotation (spot), only a small number of transactions.

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China’s copper cathode output in March increased even as secondary copper production continued to contract due to the unfavourable price spread between copper cathode and copper scrap, in addition to copper scrap supply issues. The global outbreak of COVID-19 took a toll on copper scrap supply from Malaysia.

Apr 8, 2020 18:27 timezone

CST

data analysis

Exclusive: China's base metals output in March

SMM Evening Comments (Mar 30): Shanghai base metals mostly gave up gains from last week

SHFE nonferrous metals, except for tin and nickel, traded lower on Monday, giving up the rebound from last Friday as investors remained cautious about the economic toll of the COVID-19 pandemic.

Mar 30, 2020 18:40 timezone

CST

price review & forecast

SMM Evening Comments (Mar 30): Shanghai base metals mostly gave up gains from last week

SMM Morning Comments (Mar 27): Base metals rose on stimulus support

London and Shanghai base metals cruised broadly higher in early morning trade on Friday, as a series of stimulus steps around the world, including a gigantic US package, calmed a panic over a global recession following the coronavirus outbreak.

Mar 27, 2020 09:42 timezone

CST

price review & forecast

SMM Morning Comments (Mar 27): Base metals rose on stimulus support

SMM Evening Comments (Mar 23): Shanghai base metals lower across the board on COVID-19 uncertainty

SHFE nonferrous metals declined across the board on Monday, giving up gains from last Friday, as uncertainties around the economic impact of the fast-spreading coronavirus outbreak continued to depress investors’ sentiment.

Mar 23, 2020 18:12 timezone

CST

price review & forecast

SMM Evening Comments (Mar 23): Shanghai base metals lower across the board on COVID-19 uncertainty

SMM Morning Comments (Mar 23): Base metals opened broadly lower; Shanghai copper briefly hit ‘limit down’

London and Shanghai base metals traded lower across the board in early morning trade on Monday, extending declines from the prior week, as fears over the economic impact of the global coronavirus outbreak continue to weigh heavily on investor sentiment. The most active SHFE copper contract for May delivery plunged 8% to hit its “limit down” level at 35,300 yuan/mt shortly after the opening the bell.

Mar 23, 2020 09:44 timezone

CST

price review & forecast

SMM Morning Comments (Mar 23): Base metals opened broadly lower; Shanghai copper briefly hit ‘limit down’

SMM Evening Comments (Mar 20): Shanghai base metals rebounded across the board on hopes of stimulus

SHFE nonferrous metals went higher across the board on Friday, recovering from the heavy losses in the prior two sessions, as investors hoped that more stimulus from governments and central banks will shield the world economy from the rapid spread of the coronavirus. Zinc led the increases with a rise of 4.22%. Copper advanced 2.45%, aluminum gained 0.46%, lead added 3.38%, tin increased 3.31%, and nickel expanded 2.95%.

Mar 20, 2020 19:01 timezone

CST

price review & forecast

SMM Evening Comments (Mar 20): Shanghai base metals rebounded across the board on hopes of stimulus

Lead social inventories dropped as smelters held back on sales

SMM data showed that lead social stocks across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin decreased more than 10,000 mt in the week ended March 20 to 25,600 mt, much larger than a decline of 1,900 mt mt in the previous week.

Mar 20, 2020 16:48 timezone

CST

data analysis

Lead social inventories dropped as smelters held back on sales

Secondary lead smelters operating rates inched up to 23%

Operating rates across licensed smelters of secondary lead in Jiangsu, Anhui, Henan and Guizhou increased 1.7 percentage points from the prior week to 23% in the week ended March 20, showed a SMM survey.

Mar 20, 2020 14:38 timezone

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data analysis

Secondary lead smelters operating rates inched up to 23%

SMM Morning Comments (Mar 16): Base metals weakened despite another Fed rate cut

London industrial metals rallied broadly on Friday, boosted by further economic measures by Beijing and expectations of a stimulus package from the US. LME metals later eased to close the day mostly higher, with nickel leading the gains with a 3.6% surge. Zinc jumped 1.8%, aluminium rose 1.7%, and copper advanced 0.3%, while lead fell 0.7% and tin dropped 1.7%.

Mar 16, 2020 09:57 timezone

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price review & forecast

SMM Morning Comments (Mar 16): Base metals weakened despite another Fed rate cut

SMM Evening Comments (Mar 11): Shanghai base metals mostly pulled back as coronavirus, oil prices remained in focus

Lead shed 1.2% on the day to be the biggest loser among SHFE base metals, copper slipped 0.6%, nickel lost 0.5% and aluminium sank 0.3%. Zinc and tin held their gains from the broad rebound in the previous session, climbing 0.6% and 0.3% on the day, respectively.

Mar 11, 2020 18:02 timezone

CST

price review & forecast

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