SMM Morning Review - 2010/1/7 Lead Market -Shanghai Metals Market

Hot Keywords

  • Silicon
  • Inventory data
  • Nickel
  • Zinc
  • Copper scrap
  • Evening comments
  • Aluminium
  • Macroeconomics
  • Futures movement
  • Copper
  • Production data
  • MMi Iron Ore Port Index
  • Rare earth
  • inventory
  • Operating+rates

SMM Morning Review - 2010/1/7 Lead Market

SMM Insight 10:41:17AM Jan 07, 2010 Source:SMM

SHANGHAI, Jan. 7 (SMM) -- LME lead prices finished higher on January 6th, with prices ever hitting a 16-month high on the day, and with closing prices reported at USD 2,635/mt. Market players expect lead demand will improve further following sustained recovery in the economy. Prices of base metals tracked upward along with a stronger global manufacturing data, better-than-expected auto sales for December in the US, as well as stable market investment at the begging of 2010.

LME lead inventories on January 6th were up 675 mt to 147,850 mt, restricting price rising room. SMM believes LME lead prices will continue to advance in the short term.

 

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 Morning Review - 2010/1/7 Lead Market

SMM Insight 10:41:17AM Jan 07, 2010 Source:SMM

SHANGHAI, Jan. 7 (SMM) -- LME lead prices finished higher on January 6th, with prices ever hitting a 16-month high on the day, and with closing prices reported at USD 2,635/mt. Market players expect lead demand will improve further following sustained recovery in the economy. Prices of base metals tracked upward along with a stronger global manufacturing data, better-than-expected auto sales for December in the US, as well as stable market investment at the begging of 2010.

LME lead inventories on January 6th were up 675 mt to 147,850 mt, restricting price rising room. SMM believes LME lead prices will continue to advance in the short term.

 

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