SMM Morning Review - 2012/6/29 Lead Market

Price Review & Forecast 09:28:35AM Jun 29, 2012 Source:SMM

SHANGHAI, Jun. 29 (SMM) – LME lead prices opened at USD 1,768/mt overnight. The news the EU leaders agreed to the EUR 120 billion stimulus package promoted higher risk assets briefly but trading remained quiet as the news was not yet confirmed. Investors remained cautious and awaited a practical resolution for the European debt issue. LME lead prices fluctuated narrowly and finally closed at USD 1,774/mt.
 
The US dollar index closed at 82.7, and COMEX silver for September delivery settled at USD 26.29/oz, down USD 0.907/oz, or 2.6%.

On Friday, SHFE 1209 lead contract price may move between RMB 14,450-14,600/mt, while domestic spot lead prices should be RMB 14,570-14,670/mt.

Key Words:  LME lead   lead price   SHFE lead 

SMM Morning Review - 2012/6/29 Lead Market

Price Review & Forecast 09:28:35AM Jun 29, 2012 Source:SMM

SHANGHAI, Jun. 29 (SMM) – LME lead prices opened at USD 1,768/mt overnight. The news the EU leaders agreed to the EUR 120 billion stimulus package promoted higher risk assets briefly but trading remained quiet as the news was not yet confirmed. Investors remained cautious and awaited a practical resolution for the European debt issue. LME lead prices fluctuated narrowly and finally closed at USD 1,774/mt.
 
The US dollar index closed at 82.7, and COMEX silver for September delivery settled at USD 26.29/oz, down USD 0.907/oz, or 2.6%.

On Friday, SHFE 1209 lead contract price may move between RMB 14,450-14,600/mt, while domestic spot lead prices should be RMB 14,570-14,670/mt.

Key Words:  LME lead   lead price   SHFE lead