SMM Morning Review - 2009/12/11 Lead Market -Shanghai Metals Market

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SMM Morning Review - 2009/12/11 Lead Market

SMM Insight 11:22:06AM 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. 

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

Key Words:  lead Pb  lead price   LME market   SMM 

SMM Morning Review - 2009/12/11 Lead Market

SMM Insight 11:22:06AM 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. 

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

Key Words:  lead Pb  lead price   LME market   SMM