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Home / Metal News / SMM Morning Review - 2011/8/12 Lead Market

SMM Morning Review - 2011/8/12 Lead Market

Aug 12, 2011 08:56

LME lead prices overnight rose after opening, and stabilized between USD 2,300-2,340/mt.

SHANGHAI, Aug. 12 (SMM)--LME lead prices overnight rose after opening, and stabilized between USD 2,300-2,340/mt later the day. As US jobless claims data for the week was better than forecasts, European and US stocks rebounded, driving up LME lead prices to USD 2,390/mt, and with prices closing at USD 2,388/mt, up USD 107/mt, or up 4.68%. LME lead prices are expected to fluctuate at USD 2,400/mt today.

The US dollar index fell to close at 74.662.

Domestic spot lead prices are expected to be RMB 16,100-16,300/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 - 2011/8/12 Lead Market

SMM Events & Webinars

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