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SMM Morning Review - 2011/7/29 Lead Market
Jul 29,2011 09:33CST
smm insight
Source:SMM
LME lead prices overnight fluctuated between USD 2,690-2,710/mt after opening.

SHANGHAI, Jul. 29 (SMM)--LME lead prices overnight fluctuated between USD 2,690-2,710/mt after opening. As the market was cautious ahead of the poll results with the US House of Representatives and Republican Party, LME lead prices plunged to USD 2,660/mt during European trading hours, then closed at USD 2,671/mt, down USD 19/mt. LME lead prices are expected to move between USD 2,650-2,730/mt today.

The US dollar index surged then dropped to close at 74.171.

SHFE lead prices should move between RMB 17,050-17,150/mt today.

 

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