Metals News
SMM Morning Review - 2010/1/8 Lead Market
smm insight
10:58AM
Jan 8,2010
Source:SMM

SHANGHAI, Jan. 8 (SMM) -- LME lead prices ended greatly lower on January 7th after higher opening, plagued by falling prices of other base metals, with prices finally closing at USD 2,563/mt. Falling prices were due largely to profit-taking. Moreover, market fears of tightening monetary policy in China were also the reason behind price declines.

SMM expects LME lead prices to experience corrections in the short term, with prices estimated to fluctuate in the USD 2,480-2,580/mt range.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

lead Pb
lead price
LME market
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data