SMM Morning Review - 2012/7/16 Lead Market-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Futures movement
  • Inventory data
  • MMi Iron Ore Port Index
  • Copper scrap
  • Nickel
  • Copper
  • Aluminium
  • Stainless steel
  • Macroeconomics
  • Evening comments
  • Production data
  • Tin
  • Market commentary
  • inventory

SMM Morning Review - 2012/7/16 Lead Market

Price Review & Forecast 09:57:38AM Jul 16, 2012 Source:SMM

SHANGHAI, Jul. 16 (SMM) – LME lead prices overnight opened at USD 1,860/mt. Market confidence was boosted by expectations on China’s introduction of stimulus plan influenced by 2Q GDP growth and the above-expected earning reported by JPMorgan Chase. In response, US equities climbed, and LME lead prices touched USD 1,893/mt and closed at USD 1,880/mt.

The US dollar index closed at 83.29, and COMEX silver for September delivery closed at USD 27.25/oz.

SHFE lead prices are expected to move between RMB 14,850-15,050/mt, and spot lead prices should be RMB 14,950-15,100/mt.

Key Words:  LME lead   lead price 

SMM Morning Review - 2012/7/16 Lead Market

Price Review & Forecast 09:57:38AM Jul 16, 2012 Source:SMM

SHANGHAI, Jul. 16 (SMM) – LME lead prices overnight opened at USD 1,860/mt. Market confidence was boosted by expectations on China’s introduction of stimulus plan influenced by 2Q GDP growth and the above-expected earning reported by JPMorgan Chase. In response, US equities climbed, and LME lead prices touched USD 1,893/mt and closed at USD 1,880/mt.

The US dollar index closed at 83.29, and COMEX silver for September delivery closed at USD 27.25/oz.

SHFE lead prices are expected to move between RMB 14,850-15,050/mt, and spot lead prices should be RMB 14,950-15,100/mt.

Key Words:  LME lead   lead price