SMM Morning Review - 2012/7/19 Lead Market-Shanghai Metals Market

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SMM Morning Review - 2012/7/19 Lead Market

Price Review & Forecast 09:22:03AM Jul 19, 2012 Source:SMM

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.

Key Words:  LME lead   lead price 

SMM Morning Review - 2012/7/19 Lead Market

Price Review & Forecast 09:22:03AM Jul 19, 2012 Source:SMM

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.

Key Words:  LME lead   lead price