Metals News
SMM Morning Review - 2011/3/7 Lead Market
smm insight
Mar 7,2011

SHANGHAI, Mar.7 (SMM) – Last Friday, the unrest in Libya exacerbated, and crude oil prices rose in response, sparking market concerns that growing inflation may depress economic growth. However, the US February non-farm employment data set a biggest growth since May 2010, boosting LME lead prices to close USD 69.8/mt higher at USD 2,654/mt, above all moving averages.

In neighboring markets, the US dollar index settled at 76.409, down 0.081. Gold futures for April delivery closed USD 12.20 higher at USD 1,428.60 per ounce; silver futures for March delivery closed USD 1 higher at USD 35.327 per ounce.

SMM expects transactions in domestic lead markets to be made between RMB 17,450-17,650/mt on Monday.   

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:

lead Pb
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data