Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
SMM Morning Review - 2010/5/6 Lead Market
SHANGHAI, May 6 (SMM) -- On Wednesday, Moody's put Portugal's credit rating on review for downgrade, warning of possible cuts. The euro weakened further versus the US dollar, helping the US dollar hit a new high, reaching as high as 84.307, and finally closed at 84.126. In this context, base metal markets fell across the board. LME lead prices dropped as low as USD 1,880/mt, setting a 9-month low, and with prices ending at USD 1,975/mt after the rebounding euro helped pare some losses at the close. Positions increased more than 2,000 lots, and SMM expects LME lead prices to move around USD 2,000/mt.
In neighboring markets, gold futures for June delivery closed at USD 1,175 per ounce, up USD 5.8, and silver futures for May delivery ended 30.70 cents down to USD 17.511 per ounce.
Domestic lead market is expected to deal between RMB 15,200-15,400/mt on Thursday.
To contact the writer on this report: Sherryshi@smm.cn
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.
