SMM Morning Review - 2011/3/10 Lead Market-Shanghai Metals Market

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SMM Morning Review - 2011/3/10 Lead Market

SMM Insight 09:13:23AM 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.   


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

 

Key Words:  lead Pb 

SMM Morning Review - 2011/3/10 Lead Market

SMM Insight 09:13:23AM 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.   


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

 

Key Words:  lead Pb