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SMM Morning Review - 2012/3/23 Lead Market
Mar 23,2012 09:06CST
smm insight
Source:SMM
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

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