SMM Morning Review - 2010/5/14 Lead Market -Shanghai Metals Market

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SMM Morning Review - 2010/5/14 Lead Market

SMM Insight 09:34:56AM May 14, 2010 Source:SMM

SHANGHAI, May 14 (SMM) -- On Thursday, LME lead prices closed up USD 30/mt at USD 2,070/mt, as positive technical aspects attracted some buying interest, and with positions up more than 1,000 lots to 92,519 lots. It is a mild improvement on technical, and LME lead market is expected to move on the upward side following price trends of other base metals in the short term.

The US dollar index closed at 85.335 after hitting a new high of 85.459 during the session. Gold futures for June delivery ended at USD 1,229.20 per ounce, down USD 13.90. Silver futures for July delivery finished off 16.4 cents to USD 19.499 per ounce.

Domestic lead market is expected to trade between RMB 15,200-15,300/mt.

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 - 2010/5/14 Lead Market

SMM Insight 09:34:56AM May 14, 2010 Source:SMM

SHANGHAI, May 14 (SMM) -- On Thursday, LME lead prices closed up USD 30/mt at USD 2,070/mt, as positive technical aspects attracted some buying interest, and with positions up more than 1,000 lots to 92,519 lots. It is a mild improvement on technical, and LME lead market is expected to move on the upward side following price trends of other base metals in the short term.

The US dollar index closed at 85.335 after hitting a new high of 85.459 during the session. Gold futures for June delivery ended at USD 1,229.20 per ounce, down USD 13.90. Silver futures for July delivery finished off 16.4 cents to USD 19.499 per ounce.

Domestic lead market is expected to trade between RMB 15,200-15,300/mt.

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