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SMM Morning Review - 2011/2/10 Lead Market
Feb 10,2011 10:29CST
smm insight
Source:SMM

SHANGHAI, Feb. 10 (SMM) – LME lead prices stayed at high levels during the Chinese New Year holiday period. LME March-delivery contracts fell by USD 19.8/mt to close at USD 2,545.3/mt dragged by higher interest rate in China and sluggish transactions around the holiday. LME lead inventories keep increasing, and are ample for 114-day consumption now, higher than normal.

In neighboring markets, the US dollar index settled at 77.660, down 0.333. Gold futures for April delivery closed USD 1.40 higher at USD 1365.50 per ounce; silver futures for March delivery closed 0.5 cents higher at USD 30.276 per ounce.


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