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SMM Morning Review - 2011/8/15 Lead Market
Aug 15,2011 09:59CST
price review forecast
Source:SMM
Last Friday, LME lead prices opened higher and surged to USD 2,400/mt, with prices touching USD 2,421/mt during European trading hours.

SHANGHAI, Aug. 15 (SMM)--Last Friday, LME lead prices opened higher and surged to USD 2,400/mt, with prices touching USD 2,421/mt during European trading hours. But LME lead prices fell below USD 2,400/mt later the day on concerns over the global economic growth, with prices finally closing at USD 2,373/mt, down USD 15/mt. LME lead prices should fluctuate around USD 2,400/mt today.

The US dollar index fluctuated to close at 74.558.

Domestic spot lead prices should be between RMB 16250-16350.

 

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LME lead prices

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