SMM Morning Review - 2012/4/10 Lead Market-Shanghai Metals Market

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SMM Morning Review - 2012/4/10 Lead Market

SMM Insight 09:52:34AM Apr 10, 2012 Source:SMM

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.
 

Key Words:  SHFE lead   spot lead   lead price 

SMM Morning Review - 2012/4/10 Lead Market

SMM Insight 09:52:34AM Apr 10, 2012 Source:SMM

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.
 

Key Words:  SHFE lead   spot lead   lead price