SMM Morning Review - 2012/3/22 Lead Market

Mar 22, 2012 09:20

LME lead prices overnight opened at USD 2,029/mt and market sentiment was dampened due to the slowdown of Chinese economy.

SHANGHAI, Mar. 22 (SMM) – LME lead prices overnight opened at USD 2,029/mt and market sentiment was dampened due to the slowdown of Chinese economy, with prices presenting a cautious trends. Despite lower-than-expected February US Existing Home Sales and the speech of Ben Bernanke, the Chairman of Federal Reserve, LME lead prices were not negatively affected, and continued to fluctuate between USD 2,020-2,040/mt, and finally closed at USD 2036.5/mt, up USD 9/mt.

The US dollar index closed at 79.55 and COMEX 5 month silver closed at USD 32.23/oz, up USD 0.39/oz or 1.23%.

On Thursday, SHFE lead prices should move between RMB 15,700-15,900/mt, and domestic spot prices should be RMB 15,700-15,800/mt.

LME lead

lead price

COMEX silver

US dollar

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

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.

SMM Morning Review - 2012/3/22 Lead Market

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025