SMM Morning Review - 2011/7/15 Lead Market_SMM

Compliance Centre Products About Us Contact Us

English

English 中文

News

Non-ferrous

Base metals

Minor metals

Precious metals

Scrap metals

Rare earth

Steel

Coke Iron Ore Pig Iron Finished Steel Stainless Steel

New Energy

Cobalt Lithium Ternary Precursor and Material Chemical compound

Price News Publication Database Events Consulting

Publication Database Events Consulting SMM APP Compliance Centre About Us SMM Credit Service Contact Us What We Do?

Home / Metal News / Lead / SMM Morning Review - 2011/7/15 Lead Market

SMM Morning Review - 2011/7/15 Lead Market

Jul 15,2011 09:54

CST

smm insight

Source:SMM

On Thursday, LME lead prices fluctuated narrowly above USD 2,700/mt after opening at the level

SHANGHAI, Jul. 15 (SMM) – On Thursday, LME lead prices fluctuated narrowly above USD 2,700/mt after opening at the level. During the European trading session, Bernanke said the US is not going to have QE3 for the foreseeable future, boosting the US dollar index. In response, LME lead prices fell below the 5 and 10-day moving average to hit a low of USD 2,655/mt, with prices finally closing at USD 2,671.5/mt, down USD 40/mt or 1.49%. SMM expects LME lead prices may fluctuate between USD 2,650-2,730/mt on Friday.

In neighboring markets, the US dollar index settled at 74.885.

SMM expects domestic lead spot prices to be RMB 16,900-17,100/mt on Friday.

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

MOST POPULAR

price review forecast

1.SMM Morning Comments (Sep 22): Shanghai base metals were mostly lower following overnight dollar bounce-back

price review forecast

2.SMM Morning Comments (Sep 25): Shanghai base metals were mostly lower on COVID-19 concerns and disappointing US jobless data

price review forecast

3.SMM Morning Comments (Sep 23): Shanghai base metals fell broadly on coronavirus concerns

price review forecast

4.SMM Evening Comments (Sep 21): Shanghai nonferrous metals closed mostly higher, nickel fell 1.99%

price review forecast

5.SMM Morning Comments (Sep 24): Nonferrous metals fell across the board as the dollar extended gains

China Metals Market

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