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SMM Morning Review - 2012/7/16 Lead Market
Jul 16,2012 09:57CST
price review forecast
Source:SMM
LME lead prices overnight opened at USD 1,860/mt.

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.

LME lead
lead price

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