Home / Metal News / Precious Metals / SMM Morning Review - 2012/4/16 Lead Market
SMM Morning Review - 2012/4/16 Lead Market
Apr 16,2012 09:24CST
smm insight
Source:SMM
LME lead prices opened at USD 2,085/mt last Friday and followed a weak track due to the worse-than-expected China’s 1Q GDP data.

SHANGHAI, Apr. 16 (SMM) – LME lead prices opened at USD 2,085/mt last Friday and followed a weak track due to the worse-than-expected China’s 1Q GDP data. Since Spanish bond yields touched as high as 6% again overnight, LME lead prices continued to fall and ended the day down USD 22.8/mt to USD 2,065/mt, showing a decrease of 1.09%. Trading volumes dropped by 1,343 lots to 5,723 lots and positions were down 192 lots to 125,000 lots. LME lead inventories were down 950 mt to 372,600 mt.

The US dollar index closed at 79.87, and COMEX 5 month silver closed at USD 31.39/oz, down USD 0.91/oz or 2.82%.

On Monday, SHFE lead prices are expected to move between RMB 15,550-15,750/mt, while domestic spot prices may be in the RMB 15,550-15,700/mt range.

LME lead
lead price
US dollar
COMEX silver

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news