SMM Morning Review - 2010/6/21 Lead Market -Shanghai Metals Market

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SMM Morning Review - 2010/6/21 Lead Market

SMM Insight 09:23:12AM Jun 21, 2010 Source:SMM

SHANGHAI, June 21 (SMM) – Last Friday, LME lead prices continued to fluctuate, and dropped as low as USD 1,720/mt before ending at USD 1,745/mt. No major economic data will be available on Monday, and if the euro remains stable, LME lead prices will test USD 1,800/mt.

In neighboring markets, the euro fell slightly against the US dollar, but remained at a 3-week high. A gain of 2.1% over the past week was the best weekly performance of the euro since May 2009. The US dollar index closed at 85.564. Gold futures for August delivery ended at USD 1,258.30 per ounce, up USD 9.60. Silver futures for July delivery finished 40.80 cents higher at USD 19.184 per ounce.

Domestic lead market is expected to trade between RMB 14,250-14,450/mt on Monday.

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

Price

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#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
Apr.19
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.19
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

SMM Morning Review - 2010/6/21 Lead Market

SMM Insight 09:23:12AM Jun 21, 2010 Source:SMM

SHANGHAI, June 21 (SMM) – Last Friday, LME lead prices continued to fluctuate, and dropped as low as USD 1,720/mt before ending at USD 1,745/mt. No major economic data will be available on Monday, and if the euro remains stable, LME lead prices will test USD 1,800/mt.

In neighboring markets, the euro fell slightly against the US dollar, but remained at a 3-week high. A gain of 2.1% over the past week was the best weekly performance of the euro since May 2009. The US dollar index closed at 85.564. Gold futures for August delivery ended at USD 1,258.30 per ounce, up USD 9.60. Silver futures for July delivery finished 40.80 cents higher at USD 19.184 per ounce.

Domestic lead market is expected to trade between RMB 14,250-14,450/mt on Monday.

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