Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
[Pb] SMM Morning Review - 2009/10/20 Lead Market
SHANGHAI, Oct. 20 (SMM) -- LME lead prices climbed to the range of USD 2,210-2,320/mt supported by rising LME copper prices, and the short-term technical indicators were optimistic, but total positions continued to decline by more than 500 lots, dampening the upward movement for lead prices. At present, weakened US dollar and rising precious metal and crude oil prices helped support commodity prices, and the fluctuation range for lead prices remained unchanged.
The US stocks soared to 12-month new high supported by better-than-expected quarterly earnings of a number of companies; the US dollar continued to drop, helping stimulate the precious metal market; COMEX gold for December delivery closed at USD 1058.1/oz, up USD 6.6/oz, and the silver for December delivery closed at USD 17.625/oz, up Cents 20.5/oz. The US crude oil futures prices have risen for 8 consecutive trading days, and NYMEX crude oil for November delivery closed at USD 79.61/brarrel, up USD 1.08/barrel.
Lead prices are expected to move in the RMB 15,550-15,650/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- 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.
