Home / Metal News / Nickel / SMM Morning Review - 2010/8/19 Lead Market
SMM Morning Review - 2010/8/19 Lead Market
iconAug 19, 2010 09:59iconCST

SHANGHAI, Aug. 19 (SMM) – LME lead market overnight fluctuated at above USD 2,100/mt, and finally closed at USD 2,140/mt, standing above the daily moving average. An upward momentum is technically possible, while trading volumes and positions in the overnight market indicate that LME lead market is waiting for direction from other base metals market.

In neighboring markets, the US dollar index closed at 82.478, a sign that the euro remained weak against the US dollar. Gold futures for December delivery closed up USD 3.10 to end at USD 1,231.40 per ounce. Silver futures for September delivery finished 19.6 cents lower at USD 18.399 per ounce.

Domestic lead market is expected to trade in the RMB 16,200-16,300/mt range on Thursday.


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
SHFE market
silver futures
US dollar
US dollar index

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news