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SMM Lead Market Morning Review (2013-4-1)
Apr 1, 2013 10:00LME was closed last Friday for the Easter holiday, while the US dollar index remained high.
SHANGHAI, Apr. 1 (SMM) – LME was closed last Friday for the Easter holiday, while the US dollar index remained high. On Monday, the most active SHFE lead contract price is expected to move between RMB 14,300-14,450/mt with a lack of guide from LME lead. Spot lead prices should be RMB 14,300-14,400/mt. Downstream buyers may begin replenishing goods with the approach of the Tomb Sweeping Day, but trading will remain relatively weak.
LME lead
SHFE lead prices
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