Metals News
[Pb] SMM Morning Review - 2009/11/27 Lead Market
smm insight
Dec 7,2009

SHANGHAI, Nov. 27 (SMM) -- The news that Dubai World was in huge debt depressed global stock markets and raised market demand for risk-avoidance of US dollar on Thursday, which dampened metal prices as a result. LME lead prices dropped slightly, with a sign of strong support at USD 2,320/mt.

    The Dubai World announced to delay debt payments, raising market concerns in neighboring markets, and the US dollar advanced against euro and other major currencies, with lukewarm trading sentiment.

    SMM predicts domestic lead prices will trade around RMB 16,000/mt.  


Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: or tel:86-21-51550040

lead Pb
Market movement
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data