Metals News
SMM Morning Review - 2010/3/15 Lead Market
smm insight
11:50AM
Mar 15,2010
Source:SMM

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

 

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