Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
[Pb] SMM Morning Review - 2009/8/7 Lead Market
SHANGHAI, Aug. 7 (SMM) -- On Thursday, LME base metal prices fell due to strengthened US dollar. LME lead prices moved downward to USD 1,870/mt, with no significant changes in positions. Metal prices received strong demand for corrections of previous growth rate, but with limited downward room, so LME lead prices are expected to stabilize around USD 1,820/mt.
The US stocks closed at 24.71, as investors became cautious before the US government releases the employment report in July on Friday. The Bank of England expanded the scale of loose monetary, resulting in rising US dollar. COMEX Gold Trust closed at USD 962.9/oz, down USD 3.4/oz, and silver prices closed at USD 14.645/oz, down Cents 11.5/oz. NYMEX crude oil futures prices closed at USD 71.94/barrel, down USD 0.03/barrel.
Lead prices are expected to move in the RMB 13,750-13,850/mt range in domestic spot market.
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- Oct20
Li-ION BATTERY China
Oct 20 - 21,2025Xiamen, China
- Oct20
APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025
Oct 20 - 21,2025Xiamen, China
- Oct22
2025 15th APAC Tin Industry Conference
Oct 22 - 24,2025The 2025 Tin Industry Annual Conference will focus on "Opportunities and Challenges in a New Era.Yunnan · Gejiu
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.
