Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
SMM Morning Review - 2010/1/12 Lead Market
SHANGHAI, Jan. 12 (SMM) -- LME lead prices closed flat at USD 2,540/mt yesterday, though LME lead market followed trends of other base metals, opening higher, but later weakened, with no rebounds reported. According to China Customs, China’s value of imports and exports totaled at USD 243.02 billion in December 2009, surging 32.7% YoY, and up 16.7% MoM. Of those, the exports were valued at USD 130.73 billion, the fourth top level in the history, up 17.7% YoY; the imports were valued at USD 112.29 billion, setting a new monthly record high. China's strong data supported lead prices. However, LME lead inventories have increased for 14 consecutive trading days, with existing levels reaching to the highest level of 150,100 mt in recent years, with no signs of falling, putting pressure on lead prices.
SMM believes LME lead prices will feel downward pressure due to expected profit-taking from high inventories, with prices expected in the USD 2,440-2,560/mt range.
Copyright © SMM. All Rights Reserved
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
SMM Events & Webinars
All- Sep15
NET ZERO CHINA Field Trip
Sep 15 - 19,2025中国
- Sep26
2025 ASIA BATTERY MATERIAL COOPERATION SALON
Sep 26 - 26,2025Time：9.26 2025 Place：Seoul， South KoreaSeoul， South Korea
- Oct14
SMM LME Metals Seminar 2025
Oct 14 - 14,2025Emmanuel Centre，London , the United Kingdom
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
