SMM Morning Review - 2012/3/23 Lead Market

Mar 23, 2012 09:06

LME lead prices overnight opened lower at USD 2,043/mt.

SHANGHAI, Mar. 23 (SMM) – LME lead prices overnight opened lower at USD 2,043/mt due to the weakening demand reflected by the worse-than-expected China and euro zone Manufacturing PMI. Later, prices fell below USD 2,000/mt to USD 1,980/mt, and finally closed at USD 1,995.8/mt, down USD 40.8/mt or 2%.

The US dollar index closed at 79.6, and COMEX 5 month silver closed at USD 31.64/oz, down USD 0.587/oz or 1.8%.

On Friday, SHFE lead prices should open lower to move between RMB 15,450-15,700/mt. Domestic spot prices are expected to be RMB 15,550-15,700/mt.

LME lead

lead price

US dollar

COMEX silver

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 - 2012/3/23 Lead Market

SMM Events & Webinars

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025

AICE 2025 SMM (14th) Aluminum Industry Annual Conference