Latest Update in the SMM Lead Market

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Sep 13, 2024

It is reported that in mid-August, the GCC Bureau of Technical Secretariat for Anti Injurious Practices in International Trade issued a notice stating that an anti-dumping investigation has been launched on electric accumulators used for starting piston engines originating from or imported from China or Malaysia.

LME copper opened at $9,247.5/mt overnight, quickly reached a high of $9,260/mt in early trading, then fell to an intraday low of $9,172.5/mt, and finally fluctuated rangebound to close at $9,207.5/mt, up 0.76%.

Overnight, LME lead opened at $1,995/mt.

According to an SMM survey, as of September 12, SMM total social inventory of lead ingot in five regions was 50,400 mt, an increase of 18,900 mt from September 5 and 11,700 mt from September 9.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Sep 12, 2024

LME copper opened at $9,098/mt overnight. After a slight rise in early trading, it fell to an intraday low of $9,044/mt, and then climbed all the way up, peaking at $9,145/mt before closing at $9,138/mt, a 1.32% increase.

Overnight, LME lead opened at $1,956/mt.