Home / Metal News / Precious Metals / SMM Morning Review - 2011/8/12 Lead Market
SMM Morning Review - 2011/8/12 Lead Market
Aug 12,2011 08:56CST
price review forecast
Source:SMM
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.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn


 

LME lead prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news