Home / Metal News / Aluminium / SMM Morning Review - 2010/7/30 Lead Market
SMM Morning Review - 2010/7/30 Lead Market
Jul 30,2010 09:09CST
smm insight

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 


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

lead Pb
lead price
LME market

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