SMM Morning Review - 2010/1/25 Lead Market -Shanghai Metals Market

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SMM Morning Review - 2010/1/25 Lead Market

SMM Insight 10:55:49AM Jan 25, 2010 Source:SMM

SHANGHAI, Jan. 25 (SMM) -- On January 22nd, LME lead prices ended at USD 2,235/mt, down USD 59.5/mt. Since most base metal prices closed down on January 22nd, and with LME zinc prices plunging by 3.58%, weighing on the LME lead market. LME lead prices fell as low as USD 2,180/mt along with credit tightening concerns over China, and the US new banking regulations. LME lead inventories continued to grow, with stocks up 300 mt to 153,475 mt on January 22nd, a recent high level.

SMM holds a pessimistic view towards lead prices, with prices expected in the USD 2,100-2,280/mt range.

 

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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 - 2010/1/25 Lead Market

SMM Insight 10:55:49AM Jan 25, 2010 Source:SMM

SHANGHAI, Jan. 25 (SMM) -- On January 22nd, LME lead prices ended at USD 2,235/mt, down USD 59.5/mt. Since most base metal prices closed down on January 22nd, and with LME zinc prices plunging by 3.58%, weighing on the LME lead market. LME lead prices fell as low as USD 2,180/mt along with credit tightening concerns over China, and the US new banking regulations. LME lead inventories continued to grow, with stocks up 300 mt to 153,475 mt on January 22nd, a recent high level.

SMM holds a pessimistic view towards lead prices, with prices expected in the USD 2,100-2,280/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