SMM Lead Morning Comments

Published: Feb 8, 2024 09:54

Save

LME lead open at $2117.5/mt and moved sideways during the Asian trading hours yesterday, declining to $2095/mt during the European trading hours. It finally dropped and closed at $2098.5/mt, down $18/mt or 0.85%.
The most active SHFE 2403 lead contract prices opened at 16180 yuan/mt and touched 16265 yuan/mt before closing at 16205 yuan/mt, up 35 yuan/mt or 0.22%.

Market review

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 for 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

47 mins ago

Zhongjin Lingnan: Fankou lead-zinc mine to resume production from September 17

Zhongjin Lingnan announced that its Fankou lead-zinc mine has completed rectification in accordance with the relevant work requirements of the Guangdong Provincial Department of Emergency Management, and has passed the acceptance inspections by higher-level safety regulatory authorities at each level. Production will resume from September 17, 2026. The company previously disclosed that at approximately 9:45 a.m. on August 1, 2026, a roof fall accident occurred in an underground stope access at the Fankou lead-zinc mine, resulting in one fatality. After the accident, the company received the "Notice on Ordering the Fankou Lead-Zinc Mine to Suspend Production" issued by the Shaoguan Emergency Management Bureau, and the Fankou lead-zinc mine suspended production in accordance with the notice.

47 mins ago

1 hour ago

US Fed Rate Hike Lands, LME Lead and SHFE Lead Bottom Out [SMM Lead Morning Brief]

1 hour ago

US Fed rate hike lands, lead rises instead of falling; spot lead prices expected to stabilize on the stronger side today [SMM Lead Morning Meeting Summary]

1 hour ago