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SMM Morning Review - 2011/2/17 Lead Market
Feb 17,2011 09:15CST
smm insight
Source:SMM

SHANGHAI, Feb. 17 (SMM) – Amid growing inflationary pressures in China and other emerging economies, market concerns that rising food prices may negatively affect economy which may result in a hard landing grew, and global economic growth likely slows down. In response, LME lead prices failed to retain gains on Wednesday, and finally closed USD 65.8/mt lower at USD 2,582/mt. 

In neighboring markets, the US dollar index closed 0.373 down at 78.191. Gold futures for April delivery closed USD 1 higher at USD 1,375.10 per ounce; silver futures for March delivery closed 6.7 cents lower at USD 30.629 per ounce.


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