SMM May 22nd Shanghai lead Market Express: lead prices rise momentum limited spot market trading has not improved for the time being_SMM

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Home / Metal News / Lead / SMM May 22nd Shanghai lead Market Express: lead prices rise momentum limited spot market trading has not improved for the time being

SMM May 22nd Shanghai lead Market Express: lead prices rise momentum limited spot market trading has not improved for the time being

May 22,2020 12:19

CST

translation

Source:SMM

The content below was translated by Tencent automatically for reference.

SMM May 22nd: Shanghai Changchi Hongyang lead 14435 14485 yuan / ton, price for Shanghai lead 2006 contract liter 250won 300 yuan / ton; Wuxi market southern lead 14335 won 14365 yuan / ton, Shanghai lead 2006 contract liter water 150,180 yuan / ton. The momentum of lead rise is limited, the price of the holder is in line with the market, but most of the lower reaches just need to purchase, coupled with the obvious price advantage of recycled lead, there is still no significant improvement in the bulk market.

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Operating rates across primary lead smelters in Henan, Hunan and Yunnan provinces averaged 53.8% in the week ended April 3, up 1.3 percentage points from the prior week, showed an SMM survey.

Apr 3, 2020 16:58 timezone

CST

smm insight

Primary lead smelters operating rates rose to 53.8%

SMM Evening Comments (Mar 31): Shanghai base metals rebounded on encouraging factory data from China

SHFE nonferrous metals, except for nickel, traded higher on Tuesday as market sentiment improved on better-than-expected data on China’s manufacturing activities in March. Official data released on Tuesday showed that China’s manufacturing purchasing managers’ index (PMI) for March came in at 52, returning to expansion and defying expectations of a contraction amid the COVID-19 outbreak.

Mar 31, 2020 18:37 timezone

CST

price review & forecast

SMM Evening Comments (Mar 31): Shanghai base metals rebounded on encouraging factory data from China

SMM Morning Comments (Mar 31): Base metals rose after China said manufacturing activity expanded in March

Shanghai base metals opened higher across the board on Tuesday, as US stocks extended its rally from its deep rout triggered by the coronavirus pandemic.

Mar 31, 2020 09:52 timezone

CST

price review & forecast

SMM Morning Comments (Mar 31): Base metals rose after China said manufacturing activity expanded in March

SMM Evening Comments (Mar 27): Shanghai base metals higher across the board amid hopes of more stimulus

SHFE nonferrous metals rose across the board on Friday March 27, as investors hoped that Beijing would roll out more monetary and fiscal measures to bolster its economy. Market sentiment was also lifted by the news that leaders of the Group of 20 major economies will inject over $5 trillion into the global economy to counter the impact from the COVID-19 and “do whatever it takes to overcome the pandemic.”

Mar 27, 2020 18:43 timezone

CST

price review & forecast

SMM Evening Comments (Mar 27): Shanghai base metals higher across the board amid hopes of more stimulus

SMM Evening Comments (Mar 19): Shanghai base metals fell across the board for the second day amid virus-related sell-off

SHFE nonferrous metals extended declines across the board on Thursday, in a broad sell-off amid renewed fears about the hit to global demand from the coronavirus. Copper fell to its daily limit for the second consecutive day, losing 9% on Thursday, as the metal is seen by investors as a gauge of economic health. Scheduled output controls at some copper mines failed to lend support to the prices.

Mar 19, 2020 18:34 timezone

CST

price review & forecast

SMM Evening Comments (Mar 19): Shanghai base metals fell across the board for the second day amid virus-related sell-off

SMM Evening Comments (Mar 16): Shanghai base metals mostly fell on dire China data

SHFE nonferrous metals closed mostly lower on Monday as downbeat industrial data from China and emergency interest rate cut from the US Federal Reserve underscored the potentially crippling blow of the coronavirus pandemic to the global economy.

Mar 16, 2020 18:32 timezone

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price review & forecast

SMM Evening Comments (Mar 16): Shanghai base metals mostly fell on dire China data

Lead social inventories slowed declines amid resumption of secondary lead supply

SMM expects the slide in lead social stocks to narrow further next week as secondary smelters will ramp up production and the increase in demand from lead-acid battery producers will be limited as most producers have normalised operations.

Mar 13, 2020 17:26 timezone

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data analysis

Lead social inventories slowed declines amid resumption of secondary lead supply

SMM Evening Comments (Mar 12): Shanghai base metals dropped on mounting virus fears

On the Shanghai Futures Exchange, nickel shed 2.6% on the day to lead the losses across nonferrous metals, copper tumbled 2.5%, zinc plunged 1.5%, tin dropped 1.2%, lead slipped 1.1%, and aluminium lost 0.7%. Base metals on the London Metal Exchange also moved lower across the board.

Mar 12, 2020 17:18 timezone

CST

price review & forecast

SMM Evening Comments (Mar 12): Shanghai base metals dropped on mounting virus fears

SMM Evening Comments (Mar 10): Shanghai base metals rebounded after global rout amid oil, virus fears; nickel jumped more than 4%

Nickel surged 4.2% to lead the gains across nonferrous metals, zinc jumped 3.7%, copper advanced 1.8%, tin climbed 1.4%, lead rose 0.7% and aluminium gained 0.5%.

Mar 10, 2020 18:13 timezone

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price review & forecast

SMM Evening Comments (Mar 10): Shanghai base metals rebounded after global rout amid oil, virus fears; nickel jumped more than 4%

Lead social inventories fell on week as secondary lead supply failed to normalise

Downstream lead-acid battery producers resumed operations steadily, while secondary lead smelters remained in the stage of restocking feedstock battery scrap and have not normalised output of secondary refined lead. This is especially the case in Zhejiang, Jiangxi and Anhui provinces where most Chinese lead-acid battery mills are located.

Mar 6, 2020 18:03 timezone

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data analysis

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