Home / Metal News / Nickel / SMM Morning Review - 2011/2/17 Lead Market
SMM Morning Review - 2011/2/17 Lead Market
Feb 17,2011 09:15CST
smm insight

SHANGHAI, Feb. 17 (SMM) – Amid growing inflationary pressures in China and other emerging economies, market concerns that rising food prices may negatively affect economy which may result in a hard landing grew, and global economic growth likely slows down. In response, LME lead prices failed to retain gains on Wednesday, and finally closed USD 65.8/mt lower at USD 2,582/mt. 

In neighboring markets, the US dollar index closed 0.373 down at 78.191. Gold futures for April delivery closed USD 1 higher at USD 1,375.10 per ounce; silver futures for March delivery closed 6.7 cents lower at USD 30.629 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


lead Pb

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