Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
[Pb] SMM Morning Review - 2009/8/20 Lead Market
SHANGHAI, Aug. 20 (SMM) -- On Wednesday, metal prices were affected by Chinese stock markets negatively, but then improved by significant declines in US crude oil inventories. LME lead prices stabilized above 30-day average line, with total positions down more than 1,000 lots. At present, market sentiment was weak, but the uptrend for lead prices remained unchanged. LME lead prices will move in the USD 1,750-1,850/mt range in the short term.
On Wednesday, the US stocks increased due to positive impact from unexpected declines in US crude oil inventories, and Dow Jones index climbed by 61.22 points to 9279.16. Recent data signal weak gold commercial demand, but COMEX Gold closed at USD 944.8/oz, up USD 5.6/oz, and silver prices closed at USD 13.909/oz, down Cents 8.6/oz. NYMEX crude oil futures prices closed at USD 72.42/barrel, up nearly 5%.
Lead prices are expected to move around RMB 13,500/mt 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- 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.
