Download our mobile app to 
your devices
Android devicesiOS devices
Holiday Pricing ScheduleFREE TRIALCompliance CentreAbout UsContact Us
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltTernary Precursor and MaterialAnode MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
DashboardDatabaseProReportsEventsCar Insight
Home / Metal News / SMM Morning Review - 2011/2/18 Lead Market

SMM Morning Review - 2011/2/18 Lead Market

iconFeb 18, 2011 09:11
Source:SMM

SHANGHAI, Feb. 18 (SMM) – Due to the US dollar index falling to below 78, LME lead prices closed USD 7.8/mt higher at USD 2,590/mt on Thursday, but still met resistance at the 5-day moving average. Concerns on lead supply eased due to words that electricity supply in Henan, China’s major lead producing province, improved to an extent. In this context, SMM expects LME lead prices to keep fluctuating at USD 2,600/mt in the short term. 

In neighboring markets, the US dollar index was down, finally settling at 77.928. 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.

SMM expects transactions in domestic lead markets to be made between RMB 17,100-17,300/mt on Friday.


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 Michael Jiang at michaeljiang@smm.cn

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

SMM Events & Webinars

All
MOST POPULAR
1.NEV Magnet Wire Industry Opportunity Discovery
2.Copper Substitution Market Study-Consumer Durables
3.Copper Substitution Market Study-Construction
4.Copper Substitution Market Study-Power Distribution
5.Copper Substitution Market Study-Power Transmission
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.