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Home / Metal News / SMM Morning Review - 2010/7/30 Lead Market

SMM Morning Review - 2010/7/30 Lead Market

Jul 30, 2010 09:09

SHANGHAI, July 30 (SMM) – LME base metals market moved higher on Thursday following better-than-expected first-time filings for unemployment benefits from the US. LME lead prices were steady at above the 5-day moving average, reaching as high as USD 2,056/mt from the USD 2,000/mt mark, and finally closed at USD 2,040/mt, gradually consolidating its position at USD 2,000/mt.

SMM believes that domestic lead prices will test RMB 15,900-16,000/mt on Friday.

To contact the writer on this report: xiaqing@smm.cn

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lead Pb

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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