Home / Metal News / Zinc / SMM Morning Review - 2011/2/22 Lead Market
SMM Morning Review - 2011/2/22 Lead Market
Feb 22,2011 09:45CST
smm insight
Source:SMM

SHANGHAI, Feb. 22 (SMM) – On Monday, investors' appetite was negatively affected by the Arab countries unrest, so performance of LME base metals markets was mixed. In this context, LME lead prices rose to USD 2,664/mt and then fell, finally closing USD 3.8/mt lower at USD 2,651.3/mt, but still above moving averages. At present, LME lead prices show upward momentum technically, and are expected to fluctuate between USD 2,630-2,660/mt in the short term.

In neighboring markets, the US dollar index kept fluctuating weakly at low levels, and fell to a low of 77.483 after four consecutive days of declines, finally closing at 77.663.

SMM expects transactions in domestic lead markets to be made between RMB 17,300-17,650/mt on Tuesday.   

 

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