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SMM Morning Review - 2012/5/30 Lead Market
May 30, 2012 09:27LME lead price opened at USD 1,955/mt overnight.
SHANGHAI, May 30 (SMM) – LME lead price opened at USD 1,955/mt overnight. No more negative news pertaining to the European debt issue was reported. Although US Consumer Confidence Index for May was reported lower than expectations and the previous data and Egan-Jones slashed Spain’s rating to BB- from B, market was not significantly affected. The US dollar remained fluctuating, and LME lead prices finally closed at USD 1,945/mt.
The US dollar index closed at 82.5, while COMEX silver for July delivery ended at USD 27.79/oz, down USD 0.6/oz or 2.1%.
On Wednesday, SHFE lead prices should move between RMB 15,150-15,300/mt, with spot lead prices expected between RMB 15,150-15,280/mt.
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.
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