SMM Morning Review - 2010/6/30 Lead Market -Shanghai Metals Market

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SMM Morning Review - 2010/6/30 Lead Market

SMM Insight 10:06:47AM Jun 30, 2010 Source:SMM

SHANGHAI, June 30 (SMM) – LME lead prices on Tuesday opened at USD 1,832/mt and closed at USD 1,728/mt, with the highest and lowest level at USD 1,850/mt and USD 1,710/mt, respectively.

On Tuesday, China's stock markets plunged to 2,425.93 points, setting a new 14-month low. Investor concerns over the pace of global economic recovery weighed down base metal markets, promoting interest in the US dollar for risk avoidance.

SMM believes LME lead prices will likely move between USD 1,720-1,780/mt on Wednesday.

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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SMM #1 Nickel
Apr.19
100750.0
-850.0
(-0.84%)
#1 JinChuan Nickel
Apr.19
101550.0
-675.0
(-0.66%)
#1 Import Nickel
Apr.19
99950.0
-1025.0
(-1.02%)
JinChuan B&C
Apr.19
2500.0
300.0
(13.64%)
Russian nickel premium
Apr.19
875.0
-75.0
(-7.89%)

SMM Morning Review - 2010/6/30 Lead Market

SMM Insight 10:06:47AM Jun 30, 2010 Source:SMM

SHANGHAI, June 30 (SMM) – LME lead prices on Tuesday opened at USD 1,832/mt and closed at USD 1,728/mt, with the highest and lowest level at USD 1,850/mt and USD 1,710/mt, respectively.

On Tuesday, China's stock markets plunged to 2,425.93 points, setting a new 14-month low. Investor concerns over the pace of global economic recovery weighed down base metal markets, promoting interest in the US dollar for risk avoidance.

SMM believes LME lead prices will likely move between USD 1,720-1,780/mt on Wednesday.

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