SMM Lead Market Morning Review (2013-4-1)-Shanghai Metals Market

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SMM Lead Market Morning Review (2013-4-1)

Price Review & Forecast 10:00:25AM Apr 01, 2013 Source:SMM

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.
 

Key Words:  LME lead   SHFE lead prices 

SMM Lead Market Morning Review (2013-4-1)

Price Review & Forecast 10:00:25AM Apr 01, 2013 Source:SMM

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.
 

Key Words:  LME lead   SHFE lead prices