SMM Morning Review - 2011/2/9 Lead Market-Shanghai Metals Market

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SMM Morning Review - 2011/2/9 Lead Market

SMM Insight 10:45:18AM Feb 09, 2011 Source:SMM

SHANGHAI, Feb. 9 (SMM) -- China’s central bank announced to further raise the one-year lending and deposit interest rate for financial institutions by 0.25% since Feb. 9th. Such move is the second interest hike during one month, implying that China is making great efforts to curb inflation. However, the market has absorbed affects from such news. Base metal prices rose, with LME three-month lead contract prices closing at USD 2,565/mt, up USD 30/mt.

The US dollar index fell slightly and closed at 77.993. LME four-month gold prices opened at USD 1,352.9/oz, and closed at USD 1,364.1/oz. LME three-month silver prices closed at USD 30.271/oz, up 92.8 cent per ounce.

 

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 price  LME market  SHFE market 

SMM Morning Review - 2011/2/9 Lead Market

SMM Insight 10:45:18AM Feb 09, 2011 Source:SMM

SHANGHAI, Feb. 9 (SMM) -- China’s central bank announced to further raise the one-year lending and deposit interest rate for financial institutions by 0.25% since Feb. 9th. Such move is the second interest hike during one month, implying that China is making great efforts to curb inflation. However, the market has absorbed affects from such news. Base metal prices rose, with LME three-month lead contract prices closing at USD 2,565/mt, up USD 30/mt.

The US dollar index fell slightly and closed at 77.993. LME four-month gold prices opened at USD 1,352.9/oz, and closed at USD 1,364.1/oz. LME three-month silver prices closed at USD 30.271/oz, up 92.8 cent per ounce.

 

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 price  LME market  SHFE market