SMM Morning Review - 2012/5/7 Lead Market-Shanghai Metals Market

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SMM Morning Review - 2012/5/7 Lead Market

SMM Insight 09:53:26AM May 07, 2012 Source:SMM

SHANGHAI, May 7 (SMM) – LME lead prices opened at USD 2,090/mt last Friday. During European trading session, market risk appetite was depressed by the worse-than-expected nonfarm payrolls. Thus, LME lead prices dipped to a low of USD 2,065/mt but were buoyed later by the falling unemployment rate to finally close at USD 2,105/mt. Trading volumes were up 124 lots to 4,525 lots, and positions increased by 214 lots to around 118,000 lots. LME lead inventories were down 1,900 mt to 358,425 mt.

The US dollar index closed at 79.51, and COMEX silver for July delivery was up USD 0.422/oz to USD 30.43/oz, an increase of over 1.41%.

SMM Morning Review - 2012/5/7 Lead Market

SMM Insight 09:53:26AM May 07, 2012 Source:SMM

SHANGHAI, May 7 (SMM) – LME lead prices opened at USD 2,090/mt last Friday. During European trading session, market risk appetite was depressed by the worse-than-expected nonfarm payrolls. Thus, LME lead prices dipped to a low of USD 2,065/mt but were buoyed later by the falling unemployment rate to finally close at USD 2,105/mt. Trading volumes were up 124 lots to 4,525 lots, and positions increased by 214 lots to around 118,000 lots. LME lead inventories were down 1,900 mt to 358,425 mt.

The US dollar index closed at 79.51, and COMEX silver for July delivery was up USD 0.422/oz to USD 30.43/oz, an increase of over 1.41%.