SMM Morning Review - 2010/1/8 Lead Market -Shanghai Metals Market

Hot Keywords

  • Silicon
  • Inventory data
  • Nickel
  • Aluminium
  • Copper scrap
  • 铜管/铜管
  • Rare earth
  • MMi Iron Ore Port Index
  • Macroeconomics
  • Market commentary
  • Copper
  • Zinc
  • provisional iron ore export permits
  • Evening comments
  • Futures movement

SMM Morning Review - 2010/1/8 Lead Market

SMM Insight 10:58:19AM Jan 08, 2010 Source:SMM

SHANGHAI, Jan. 8 (SMM) -- LME lead prices ended greatly lower on January 7th after higher opening, plagued by falling prices of other base metals, with prices finally closing at USD 2,563/mt. Falling prices were due largely to profit-taking. Moreover, market fears of tightening monetary policy in China were also the reason behind price declines.

SMM expects LME lead prices to experience corrections in the short term, with prices estimated to fluctuate in the USD 2,480-2,580/mt range.

 

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 - 2010/1/8 Lead Market

SMM Insight 10:58:19AM Jan 08, 2010 Source:SMM

SHANGHAI, Jan. 8 (SMM) -- LME lead prices ended greatly lower on January 7th after higher opening, plagued by falling prices of other base metals, with prices finally closing at USD 2,563/mt. Falling prices were due largely to profit-taking. Moreover, market fears of tightening monetary policy in China were also the reason behind price declines.

SMM expects LME lead prices to experience corrections in the short term, with prices estimated to fluctuate in the USD 2,480-2,580/mt range.

 

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