SMM Morning Review - 2010/12/27 Lead Market-Shanghai Metals Market

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SMM Morning Review - 2010/12/27 Lead Market

SMM Insight 09:11:38AM Dec 27, 2010 Source:SMM

SHANGHAI, Dec. 27(SMM) – Last Friday, transactions were muted in China’s domestic lead markets before the Christmas Eve. Base metals markets did not show wide fluctuations. In response, LME lead prices fluctuated at around the opening level, and finally closed USD 0.5/mt higher at USD 2,435.5/mt, with positions down 2,199 lots. SMM expects LME lead prices may fluctuate above USD 2,430/mt in the near term. 

In neighboring markets, the US dollar index fluctuated at around 80.5 and finally settled at 80.474, around the 5-day moving average.

SMM expects transactions in China’s lead spot markets to be made in the 16,800-16,950/mt range on Monday.


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

 

 

 

 


 

Key Words:  lead Pb  lead prices 

SMM Morning Review - 2010/12/27 Lead Market

SMM Insight 09:11:38AM Dec 27, 2010 Source:SMM

SHANGHAI, Dec. 27(SMM) – Last Friday, transactions were muted in China’s domestic lead markets before the Christmas Eve. Base metals markets did not show wide fluctuations. In response, LME lead prices fluctuated at around the opening level, and finally closed USD 0.5/mt higher at USD 2,435.5/mt, with positions down 2,199 lots. SMM expects LME lead prices may fluctuate above USD 2,430/mt in the near term. 

In neighboring markets, the US dollar index fluctuated at around 80.5 and finally settled at 80.474, around the 5-day moving average.

SMM expects transactions in China’s lead spot markets to be made in the 16,800-16,950/mt range on Monday.


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

 

 

 

 


 

Key Words:  lead Pb  lead prices