Metals News
SMM Morning Review - 2009/12/11 Lead Market
smm insight
11:22AM
Dec 11,2009
Source:SMM

SHANGHAI, Dec. 11 (SMM) – LME lead market showed quiet performance on Thursday, and the impact from neighboring markets waned. Investors risk appetite at the year end caused LME lead prices to move in the USD 2,230-2,280/mt range.

In the neighboring markets, the US stock markets advanced for two consecutive days, supported by lower-than-expected trade deficit and improved job markets. The US dollar index closed at 76.011. Gold prices on the COMEX division ended its downward run due to increasing ETF positions. Gold futures for February delivery closed up USD 5.3 to USD 1,126.2 per ounce. Silver futures for March delivery ended cents 0.8 higher to USD 17.188 per ounce.

Domestic lead market is expected to trade around RMB 15,650/mt. 

 

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