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Home / Metal News / SMM Morning Review - 2011/8/11 Lead Market

SMM Morning Review - 2011/8/11 Lead Market

Aug 11, 2011 09:55

LME lead prices overnight surged to USD 2,350/mt after opening. But talks French credit rating will likely be downgraded caused global stocks to plunge,

SHANGHAI, Aug. 11 (SMM)--LME lead prices overnight surged to USD 2,350/mt after opening. But talks French credit rating will likely be downgraded caused global stocks to plunge, which were refuted later the day. In this context, LME lead prices plummeted to USD 2,265/mt, with prices finally closing at USD 2,281/mt, up USD 13/mt. LME lead prices should move between USD 2,240-2,340/mt today.

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

Domestic spot lead prices are expected to be RMB 16,000-16,150/mt today.

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LME lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SMM Morning Review - 2011/8/11 Lead Market

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