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SMM Morning Review - 2012/4/10 Lead Market

iconApr 10, 2012 09:52
Source:SMM
SHFE lead prices will meet resistance to move between RMB 15,530-15,770/mt on Tuesday.

SHANGHAI, Apr. 10 (SMM) – With theholiday in western countries coming to an end, LME metals market will reopen on Tuesday. The US non-farm payrolls showed mixed picture, while China’s inflation kept climbing, reflecting the economic slowdown in both economies. Thus, SHFE lead prices will meet resistance to move between RMB 15,530-15,770/mt on Tuesday. Domestic spot prices should be in the RMB 15,600-15,750/mt range.
 

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