SMM Morning Review - 2012/6/14 Lead Market-Shanghai Metals Market

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SMM Morning Review - 2012/6/14 Lead Market

SMM Insight 09:26:10AM Jun 14, 2012 Source:SMM

SHANGHAI, Jun. 14 (SMM) – Market remained cautions ahead of the Greek election scheduled for this weekend with risks in the short term increasing. LME lead prices opened at USD 1,903/mt overnight and moved up to USD 1,910/mt, but met strong resistance, coupled with the unexpected declines of the US PPI data for May, LME lead prices rolled back earlier gains and ended at USD 1,898/mt.

The US dollar index closed at 82.13, while COMEX silver for July delivery closed at USD 28.94/oz, up USD 0.04/mt.

On Thursday, SHFE lead prices are expected to move between RMB 14,950-15,150/mt, and traded prices in domestic spot market will be between RMB 14,950-15,100/mt.
 

SMM Morning Review - 2012/6/14 Lead Market

SMM Insight 09:26:10AM Jun 14, 2012 Source:SMM

SHANGHAI, Jun. 14 (SMM) – Market remained cautions ahead of the Greek election scheduled for this weekend with risks in the short term increasing. LME lead prices opened at USD 1,903/mt overnight and moved up to USD 1,910/mt, but met strong resistance, coupled with the unexpected declines of the US PPI data for May, LME lead prices rolled back earlier gains and ended at USD 1,898/mt.

The US dollar index closed at 82.13, while COMEX silver for July delivery closed at USD 28.94/oz, up USD 0.04/mt.

On Thursday, SHFE lead prices are expected to move between RMB 14,950-15,150/mt, and traded prices in domestic spot market will be between RMB 14,950-15,100/mt.