Metals News
SMM Morning Review - 2011/3/10 Lead Market
smm insight
09:13AM
Mar 10,2011
Source:SMM

SHANGHAI, Mar.10 (SMM) – Although the US dollar index fell by 0.102 to settle at 76.736 on Wednesday, LME lead prices were down USD 110/mt and hit a low of UDS 2,480/mt, with prices finally closing below USD 2,500/mt, due to exacerbated tensions in Libya. At present, LME lead prices are showing downward trend technically, with prices down to USD 2,465/mt.

In neighboring markets, gold futures for April delivery closed USD 2.40 higher at USD 1,429.60 per ounce; silver futures for May delivery closed USD 0.389 higher at USD 36.047 per ounce.

SMM expects transactions in domestic lead markets to be made between RMB 17,200-17,350/mt on Thursday.   


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