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SMM Morning Review - 2011/8/10 Lead Market
Aug 10,2011 09:34CST
price review forecast
Source:SMM
LME lead prices overnight opened lower and edged up. During European trading hours,

SHANGHAI, Aug. 10 (SMM)--LME lead prices overnight opened lower and edged up. During European trading hours, the Fed announced the US will maintain low interest rates until 2013, bracing up market confidence, and weighing down the US dollar index. As a result, LME lead prices rose to fluctuate between USD 2,255-2,300/mt, finally closing at USD 2,267.5/MT, up USD 37.5/mt, or up 1.68%. LME lead prices are expected to open high and struggle at USD 2,300/mt.

The US dollar index closed at 74.027, down 1.09%.

Domestic spot lead prices are expected to be RMB 15,700-15,900/mt today.

 

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LME lead prices

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