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SMM Morning Review - 2012/4/19 Lead Market
Apr 19,2012 09:25CST
smm insight
Source:SMM
LME lead prices overnight opened at USD 2,074/mt and fluctuated up to a high of USD 2,094/mt influenced by the rallying Chinese stock markets.

SHANGHAI, Apr. 19 (SMM) – LME lead prices overnight opened at USD 2,074/mt and fluctuated up to a high of USD 2,094/mt influenced by the rallying Chinese stock markets. However, as investors were not optimistic toward Spanish bonds sales scheduled for Thursday, raising market aversion, LME lead prices finally closed at USD 2,042/mt. Trading volumes increased by 291 lots to 4,726 lots, and positions were down 2,261 lots to 122,000 lots. LME lead inventories maintained unchanged at 371,450 mt.

The US dollar index ended at 79.59, and COMEX 5 month silver closed at USD 31.62/oz, down USD 0.054/oz.

On Thursday, SHFE lead prices should move between RMB 15,550-15,750/mt, with domestic spot prices expected between RMB 15,550-15,700/mt.

LME lead
US dollar
COMEX silver
lead price

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