SMM Morning Review - 2012/6/11 Lead Market

SMM Insight 09:20:27AM Jun 11, 2012 Source:SMM

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.

SMM Morning Review - 2012/6/11 Lead Market

SMM Insight 09:20:27AM Jun 11, 2012 Source:SMM

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.