Home / Metal News / Zinc / SMM Morning Review - 2010/7/21 Lead Market
SMM Morning Review - 2010/7/21 Lead Market
Jul 21,2010 09:52CST
smm insight

SHANGHAI, July 21 (SMM) – On Tuesday, LME lead prices rallied to the 60-day moving average of USD 1,835/mt at the closing before ending at USD 1,820/mt, up 2.25%. Recently, LME lead prices have moved in the USD 1,780-1,850/mt range, and it still needs time to make breakthroughs.

In the neighboring markets, the euro fell back against the US dollar after hitting a high of 1.3027 due to profit-taking by some investors. Therefore, the US dollar index closed at 82.678. Gold futures for August delivery closed up USD 9.80 to end at USD 1,191.70 per ounce. Silver futures for September delivery finished 15 cent higher at USD 17.693 per ounce.

Domestic lead market is expected to trade between RMB 14,950-15,100/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

gold futures
lead Pb
lead price
LME market
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 news