Metals News
[Pb] SMM Morning Review - 2009/12/3 Lead Market
smm insight
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Dec. 3 (SMM) -- LME metal prices hit new highs on Wednesday due to increasing investment funds, while LME lead prices slipped after hit 18-month high, with a sign of stabilizing in the short term, and the low-end price has been lifted to USD 2,400/mt. 

    The US dollar against Japanese yen advanced for two consecutive trading days, since market expectations that the Japanese government will intervene in the foreign exchange market improved. The US dollar climbed against most currencies, but showed modest upward trend against euro, and the US dollar index closed at 74.568. On COMEX market, gold futures for February delivery increased by USD 12.8/oz to USD 1,213/oz, while silver futures for March delivery increased by Cents 11.5/oz to USD 19.325/oz. 

    SMM predicts domestic lead prices will be around RMB 16,100/mt today.   

 

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

CBI China CBMB
lead Pb
Market movement
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data