Metals News
SMM Morning Review - 2010/4/16 Lead Market
smm insight
10:03AM
Apr 16,2010
Source:SMM

SHANGHAI, April 16 (SMM) -- The LME lead market overnight moved at the 5-day moving average following the US dollar trend, with support available at USD 2,300/mt. Bullish sentiment remains in other neighboring base metal markets, with LME lead prices expected to fluctuate above USD 2,300/mt. 

In neighboring markets, the euro fell back against the dollar after gaining for five days in a row, as market concerns over allocation of funds used to help resolve Greece's debt issues renewed market worries on the euro zone. The US dollar index closed at 80.547. Gold futures on the COMEX closed at USD 1,160.3 per ounce, up USD 0.7, and silver futures for May delivery ended 1.80 cents to USD 18.433 per ounce.

Domestic lead market is expected to move between RMB 15,700-15,850/mt on Friday.

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

gold
gold futures
lead Pb
lead price
silver
silver futures
US dollar
US dollar index
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data