SMM Morning Review - 2012/4/17 Lead Market

Apr 17, 2012 09:37

LME lead prices opened at USD 2,057/mt overnight and dipped to a low of USD 2,028/mt.

SHANGHAI, Apr. 17 (SMM) – LME lead prices opened at USD 2,057/mt overnight and dipped to a low of USD 2,028/mt due to the concerns triggered by debt issue in Spain and Italy. During European trading hours, as US retail sales for March were reported above expectations, LME lead prices rebounded moderately and finally closed at USD 2,085.8/mt, up USD 20.8/mt. Trading volumes dropped by 1,255 lots to 4,468 lots and positions were down 383 lots to 124,000 lots. LME lead inventories were down 725 mt to 371,875 mt.

The US dollar index closed at 79.58, and COMEX 5 month silver closed at USD 31.46/oz, down USD 0.035/oz.

On Tuesday, SHFE lead prices are expected to move between RMB 15,550-15,700/mt, while domestic spot prices may be in the RMB 15,500-15,650/mt range.

LME lead

lead price

COMEX silver

US dollar

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SMM Morning Review - 2012/4/17 Lead Market

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025