SMM lead morning comment: LME lead prices tested $2000/mt, SHFE lead closed higher

Yesterday, low-sulfur coking coal in Lvliang, Shanxi was quoted at 2,100 yuan/mt, while the quotation was 2,400 yuan/mt in Linfen and 2,100 yuan/mt in Tangshan.

This week, the prevailing price for domestic M10-182mm monocrystalline silicon wafers was 3.08- 3.10 yuan/piece, and for 210mm monocrystalline silicon wafers, it was 4.08-4.10 yuan/piece.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Sep 26, 2023

LME lead prices opened at $2,205/mt overnight with the low-end of $2,163/mt. LME lead finally closed at $2184.5/mt, down 1.09%.

#0 zinc in Guangdong was traded at 21815~21900 yuan/mt today.

In Tianjin, #0 zinc ingot was mostly traded at 22100~22340 yuan/mt, Zijin zinc 22180~22380 yuan/mt, and Huludao zinc 26820 yuan/mt.

Currently, the domestic prices for photovoltaic glass are increasing.

HRC futures fluctuated and closed at 3,870 yuan/mt today, an increase of 0.39%.

In July 2023, the world alumina production saw a month-on-month rise of 4.32 per cent to reach 12.179 million tonnes, found the International Aluminium Institute (IAI).

The Russian-Ukrainian conflict has been ongoing for several weeks and the global commodities market has seen dramatic volatility as a result. This comes after the market erupted in concerns over the supply of Russian nickel metal, with LME nickel prices surging above $100,000 per tonne in a single day.