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SMM Morning Review - 2012/3/30 Lead Market
Mar 30,2012 09:26CST
smm insight
Source:SMM
LME lead prices overnight rebounded after opening lower at USD 1,975/mt.

SHANGHAI, Mar. 30 (SMM) – LME lead prices overnight rebounded after opening lower at USD 1,975/mt. During European trading session, market sentiment was boosted with the support from US equities and since German finance minister said the euro zone firewall expansion would be discussed on Friday. As a result, LME lead prices trimmed losses and finally closed at USD 1,987.3/mt, up USD 12.3/mt. Trading volumes increased by 514 lots to 5,218 lots, and positions were up 1,815 lots to 124,000 lots. LME lead inventories fell by 125 mt to 376,725 mt.

The US dollar index closed at 79. COMEX 5 month silver closed at USD 31.99/oz, down USD 0.16/oz.

On Friday, SHFE lead prices should move between RMB 15,450-15,650/mt, and domestic spot prices are expected to be between RMB 15,550-15,700/mt.
 

LME lead
lead price
US dollar
COMEX silver

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