Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
[Pb] CBI Morning Review - 2009/7/24 Lead Market
SHANGHAI, July 24 (CBI China) -- On Thursday, LME lead price closed above USD 1,700/mt, boosted by weakened US dollar, stronger stock markets and positive economic data. However, both trading volumes and positions reported slim changes, generating the market concerns, so LME lead prices will receive great pressure around USD 1,780/mt.
The US stocks increased sharply on Thursday, and the Dow Jones index closed at 9,000 points for the first time since January, due mainly to the strong earnings of the company, as well as the market optimistic sentiment with regard to economic recovery triggered by the rebounding existing home sales. COMEX Gold Trust closed at USD 954.8/oz and the new US silver ETF is expected to enhance the prices of precious metals. Silver price rose by Cents 7/oz to USD 13.77/oz. NYMEX gasoline futures prices rose significantly, driving up crude oil futures prices to USD 67/barrel.
Lead prices are expected to move around RMB 13,350/mt in domestic spot market, slightly better than yesterday.
Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040
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- 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
- Oct16
AICE 2025 SMM (14th) Aluminum Industry Annual Conference
Oct 16 - 17,2025Zhengzhou, Henan Province
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.
