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Home / Metal News / SMM Morning Review - 2012/6/15 Lead Market

SMM Morning Review - 2012/6/15 Lead Market

Jun 15, 2012 09:22

Source:SMM

LME lead prices opened at USD 1,898.5/mt and fluctuated weakly during Asian trading session due to a lack of market directions.

SHANGHAI, Jun. 15 (SMM) – LME lead prices opened at USD 1,898.5/mt and fluctuated weakly during Asian trading session due to a lack of market directions. At the tail of trading, LME lead prices rallied to finally close at USD 1,918/mt, up USD 20/mt, after news came that major central banks are preparing coordinated action to provide liquidity if the outcome of Greek election this weekend causes turmoil in financial markets.

The US dollar index closed at 81.87, while COMEX silver for July delivery closed at USD 28.4/oz, down USD 0.53/oz, or 1.85%.

On Friday, SHFE lead prices are expected to be between RMB 15,000-15,250/mt, and traded prices in domestic spot market will be between RMB 15,000-15,150/mt.

LME lead

lead price

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