Home / Metal News / Lead / SMM Morning Review - 2012/6/11 Lead Market
SMM Morning Review - 2012/6/11 Lead Market
Jun 11,2012 09:20CST
smm insight
Source:SMM
LME lead prices opened at USD 1,921/mt and fell last Friday.

SHANGHAI, Jun. 11 (SMM) – LME lead prices opened at USD 1,921/mt and fell last Friday since Germany imports in April slipped the most in two years and the decline in its exports was also greater than expected. Market sentiment was depressed as ECB and Fed did not express any signal to adopt stimulus measures in short term. Thus, LME lad prices fell below USD 1,900/mt to close at USD 1,893/mt, down USD 32/mt.

The US dollar index closed at 82.46, while COMEX silver for July delivery closed at USD 28.47/oz, down USD 0.058 /mt.

On Monday, SHFE lead prices are expected to move between RMB 15,000-15,160/mt, and domestic spot prices may be between RMB 15,000-15,150/mt.

LME lead price
SHFE lead price

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