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SMM Morning Review - 2011/8/11 Lead Market
Aug 11,2011 09:55CST
price review forecast
Source: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,

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

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