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SMM Morning Review - 2011/8/1 Lead Market
Aug 1,2011 09:38
CSTsmm insight
Source:SMM
Last Friday, LME lead prices overnight edged down from USD 2,700/mt after opening.
SHANGHAI, Aug. 1 (SMM) -- Last Friday, LME lead prices overnight edged down from USD 2,700/mt after opening. As the market was still cautious due to the pending US debt ceiling issue, LME lead prices plummeted to the 30-day moving average due to falling US stocks during European trading hours, with prices finally closing at USD 2,622.3/mt, down USD 49/mt, or with a drop of 1.83%. LME lead prices should fluctuate between USD 2,600-2,675/mt today.
The US dollar index surged then dropped to close at 73.741.
SHFE lead prices should move between RMB 17,050-17,150/mt today.
lead prices
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