SMM Morning Review - 2010/1/19 Lead Market -Shanghai Metals Market

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SMM Morning Review - 2010/1/19 Lead Market

SMM Insight 10:19:49AM Jan 19, 2010 Source:SMM

SHANGHAI, Jan. 19 (SMM) -- LME base metals markets represented mild performance on Monday when the US market was closed. LME lead prices showed signs of stabilizing at the point at which the 20 and 30-day moving average intersected. Recently, market reported mixed news. China's Central Bank's unexpected move to raise the deposit reserve requirement ratio triggered divided views from the market. LME lead market depended on the financial markets, waiting for direction from stock markets following the announcement of corporate quarterly reports.

SMM expects domestic spot lead market to trade in the RMB 16,600-16,900/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 - 2010/1/19 Lead Market

SMM Insight 10:19:49AM Jan 19, 2010 Source:SMM

SHANGHAI, Jan. 19 (SMM) -- LME base metals markets represented mild performance on Monday when the US market was closed. LME lead prices showed signs of stabilizing at the point at which the 20 and 30-day moving average intersected. Recently, market reported mixed news. China's Central Bank's unexpected move to raise the deposit reserve requirement ratio triggered divided views from the market. LME lead market depended on the financial markets, waiting for direction from stock markets following the announcement of corporate quarterly reports.

SMM expects domestic spot lead market to trade in the RMB 16,600-16,900/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