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SMM Morning Review - 2010/8/27 Lead Market
SHANGHAI, Aug. 27 (SMM) -- Better-than-expected US employment data released on Thursday give a dose of confidence to the market, and LME lead prices climbed above USD 2,000/mt again and closed at USD 2,035/mt. It is expected that LME lead prices will continue to struggle around USD 2,000/mt today.
In neighboring markets, investors remained cautiously and adopted a wait-and-see attitude before Bernnake’s speech at the annual meeting. Gold futures for December delivery closed down by USD 3.60 to end at USD 1,237.70 per ounce. Silver futures for September delivery finished 4.4 cents lower at USD 18.982 per ounce. Domestic lead market is expected to trade in the RMB 15,900-16,100/mt range on Friday.
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