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SMM Morning Review - 2012/7/19 Lead Market
Jul 19, 2012 09:22LME lead prices fluctuated narrowly and failed to rise to USD 1,900/mt during Asian trading session overnight.
SHANGHAI, Jul. 19 (SMM) – LME lead prices fluctuated narrowly and failed to rise to USD 1,900/mt during Asian trading session overnight with a lack of influential reports. During European trading hours, although the expectation on QE3 fell through again, LME lead prices regained all the earlier losses influenced by the above-expected US Housing Starts and closed at USD 1,900/mt.
The US dollar index closed at 82.99, while COMEX silver for September delivery closed at USD 27.10/oz.
On Thursday, SHFE lead prices should move between RMB 14,950-15,050/mt with spot lead prices expected at RMB 15,000-15,150/mt.
LME lead
lead price
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