SMM Morning Review - 2012/6/12 Lead Market-Shanghai Metals Market

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SMM Morning Review - 2012/6/12 Lead Market

SMM Insight 09:33:37AM Jun 12, 2012 Source:SMM

SHANGHAI, Jun. 12 (SMM) – LME lead prices opened at USD 1,910/mt overnight. Since the 10-year bond yields in Spain and Italy rose by the biggest growth in a month, European debt issue continued to weigh on market. LME lead prices moved between USD 1,900-1,920/mt to close at USD 1,908/mt. Trading volumes were down 1,201 lots to 2,027 lots, and positions were down 472 lots to 128,000 lots. LME lead inventories fell by 550 mt to 344,775 mt.

The US dollar index closed at 82.59, while COMEX silver for July delivery closed at USD 28.5/oz, up USD 0.029 /mt.

On Tuesday, SHFE lead prices are expected to move between RMB 15,050-15,200/mt, and domestic spot prices may be between RMB 15,000-15,150/mt.
 

Key Words:  LME lead   lead prices 

SMM Morning Review - 2012/6/12 Lead Market

SMM Insight 09:33:37AM Jun 12, 2012 Source:SMM

SHANGHAI, Jun. 12 (SMM) – LME lead prices opened at USD 1,910/mt overnight. Since the 10-year bond yields in Spain and Italy rose by the biggest growth in a month, European debt issue continued to weigh on market. LME lead prices moved between USD 1,900-1,920/mt to close at USD 1,908/mt. Trading volumes were down 1,201 lots to 2,027 lots, and positions were down 472 lots to 128,000 lots. LME lead inventories fell by 550 mt to 344,775 mt.

The US dollar index closed at 82.59, while COMEX silver for July delivery closed at USD 28.5/oz, up USD 0.029 /mt.

On Tuesday, SHFE lead prices are expected to move between RMB 15,050-15,200/mt, and domestic spot prices may be between RMB 15,000-15,150/mt.
 

Key Words:  LME lead   lead prices