Latest Update in the SMM Lead Market

[SMM Survey: Supply-Side Disruptions Persist, Lead Prices Continue to Fluctuate at High Levels, 2024.12.16-2024.12.20] In the spot market, SMM 1# lead prices ranged from 17,150-17,375 yuan/mt this week (December 16-December 20). In the spot market, in-plant inventories of primary lead smelters declined, with significant regional price differences.

[SMM Survey: Lead-Acid Battery Production Remains Stable at Year-End, but Orders Are Scarce] According to the survey, the overall consumption performance of the lead-acid battery market has been average recently. The "trade-in" policy for electric bicycles and automobiles continues to advance, but dealers report limited improvement in sales. As the year-end period approaches, dealers, after completing their annual sales plans...

[SMM Weekly Review: Weekly Commentary on the Lead Concentrate Market, 2024.12.16-2024.12.20] According to the latest customs data, the import volume of lead concentrate in November 2024 was 94,900 mt, with Peru, Russia, and Australia being the main sources of lead concentrate imports in November. In mid-to-late December, trading activity in the ore market remained subdued overall. This week, the SHFE/LME lead price ratio continued to rise, imported ore supply remained tight, and TC quotations saw a slight decline...

[SMM Survey: Weekly Operating Rate of SMM Primary Lead Smelters (2024.12.14-2024.12.20)] According to a survey by Shanghai Metals Market (SMM), the operating rate of primary lead smelters this week (December 14-20, 2024) was 62.91%, down by 1.56 percentage points WoW...

[SMM Lead Futures Brief Review] During the day, the most-traded SHFE lead 2501 contract opened at 17,335 yuan/mt, fluctuated around the intraday moving average after the opening, and finally closed at 17,360 yuan/mt, down 1.27%...

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Dec 20, 2024

[SMM Shanghai and Other 1# Lead Markets: Supply-Side Production Cuts Persist While High-Price Trading Volume in the Lead Market Shrinks] SMM, December 20: In the Shanghai market, Honglu lead was quoted at 17,290-17,315 yuan/mt, on par with the SHFE lead 2501 contract; in Jiangsu and Zhejiang regions, Tongguan, JCC, and Jinde lead were quoted at 17,290-17,315 yuan/mt, on par with the SHFE lead 2501 contract. SHFE lead continued to fluctuate downward, and due to supply-side production cuts, spot market circulation was limited, with suppliers standing firm on quotes...

Overnight, LME copper opened at $8,915.5/mt, fluctuated rangebound in early trading, and slightly rose during the session to a high of $8,936.5/mt. The center shifted downward to a low of $8,859.5/mt, and LME copper closed at $8,885/mt, down 1.77%.