Metals News
SMM Morning Review - 2010/6/12 Lead Market
smm insight
10:30AM
Source:SMM

SHANGHAI, June 12 (SMM) – On Friday, LME lead prices moved around the 10-day moving average, reaching as high as USD 1,710/mt, but failed to find a solid foot at above USD 1,700/mt at the closing. LME lead prices are closely tied to economy, and whether or not LME lead prices will climb higher depends on outlook for economy.

In neighboring markets, the euro dropped slightly against the US dollar. The euro dropped to 1.2045 due to the weaker-than-expected US retails data, and later pared some losses along with better-than-expected US consumer confidence index. As a result, the US dollar index closed at 87.282. Gold futures for August delivery closed at USD 1,230.20 per ounce, up USD 8. Silver futures for July delivery finished 12 cents lower at USD 18.231 per ounce. 
 
To contact the writer on this report:
xiaqing@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
LME market
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