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SMM Morning Review - 2011/7/18 Lead Market
Jul 18, 2011 09:41Last Friday, LME lead prices mainly moved below USD 2,700/mt after opening
SHANGHAI, Jul. 18 (SMM) – Last Friday, LME lead prices mainly moved below USD 2,700/mt after opening, hitting a low of USD 2,655/mt. During the European trading session, LME lead prices drifted higher and returned above USD 2,700/mt due to falling US dollar index, finally closing at USD 2,715/mt, up USD 44/mt or 1.66%. SMM expects LME lead prices may fluctuate between USD 2,680-2,730/mt on Monday.
In neighboring markets, the US dollar index finally settled at 75.146.
SMM expects domestic lead spot prices to be between RMB 16,950-17,100/mt on Monday.
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lead Pb
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