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Home / Metal News / SMM Morning Review - 2010/3/15 Lead Market

SMM Morning Review - 2010/3/15 Lead Market

Mar 15, 2010 11:50

SHANGHAI, Mar. 15 (SMM) -- On Friday, LME lead prices ended higher following a weaker US dollar. Market focus in recent days is still on whether or not China will further tighter its monetary policy. SMM believes LME lead prices will move in the USD 2,240-2,300/mt range on Monday.

In neighboring markets, the euro gained against the dollar due to improved investor confidence from positive industrial production in the euro zone. The US dollar index closed at 79.771. Gold futures on the COMEX ended at USD 1,101.70 per ounce, down USD 6.50. Silver contracts for May delivery finished off 11.2 cents to USD 17.160 per ounce.

Domestic lead market is expected to trade between RMB 15,650-15,800/mt on Monday.

To contact the writer on this report: Sherryshi@smm.cn

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

gold

gold futures

lead Pb

lead price

LME market

silver

silver futures

US dollar

US dollar index

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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