SMM Morning Review - 2010/4/7 Lead Market -Shanghai Metals Market

Hot Keywords

  • Copper
  • Zinc
  • Macroeconomics
  • MMi Iron Ore Port Index
  • Nickel
  • Inventory data
  • Aluminium
  • trend forecast
  • Operation update
  • Operating rates
  • Futures movement
  • price
  • Wanbao Minerals
  • Primary lead
  • Morning comments

SMM Morning Review - 2010/4/7 Lead Market

SMM Insight 09:56:25AM Apr 07, 2010 Source:SMM

SHANGHAI, April 7 (SMM) -- The LME lead market overnight exceeded USD 2,300/mt, standing above the 60-day moving average, and entering a new territory technically. LME lead prices are expected to climb higher, and will test USD 2,350/mt.

In neighboring markets, the euro fell against the dollar, since reports that Greece wanted to amend a European Union aid deal rekindled fear its ability to resolve debt issues. The US dollar index closed at 81.436. Gold futures on the COMEX closed at USD 1,136 per ounce, up USD 2.2. Silver futures for May delivery ended 18.7 cents lower at USD 17.931 per ounce.

Domestic lead market is expected to trade between RMB 15,750-15,900/mt on Tuesday.                                                                  

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

 

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

SMM Morning Review - 2010/4/7 Lead Market

SMM Insight 09:56:25AM Apr 07, 2010 Source:SMM

SHANGHAI, April 7 (SMM) -- The LME lead market overnight exceeded USD 2,300/mt, standing above the 60-day moving average, and entering a new territory technically. LME lead prices are expected to climb higher, and will test USD 2,350/mt.

In neighboring markets, the euro fell against the dollar, since reports that Greece wanted to amend a European Union aid deal rekindled fear its ability to resolve debt issues. The US dollar index closed at 81.436. Gold futures on the COMEX closed at USD 1,136 per ounce, up USD 2.2. Silver futures for May delivery ended 18.7 cents lower at USD 17.931 per ounce.

Domestic lead market is expected to trade between RMB 15,750-15,900/mt on Tuesday.                                                                  

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

 

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