Home / Metal News / Copper / SMM Morning Review - 2011/8/17 Lead Market
SMM Morning Review - 2011/8/17 Lead Market
Aug 17,2011 09:46CST
price review forecast
Source:SMM
LME lead prices overnight opened higher but moved lower below USD 2,400/mt, as low as USD 2,342/mt

SHANGHAI, Aug. 17 (SMM)--LME lead prices overnight opened higher but moved lower below USD 2,400/mt, as low as USD 2,342/mt. The better-than-forecast US industrial activities and housing starts in July failed to ease market concerns over global economy. In this context, LME lead prices touched USD 2,388/mt but closed at USD 2,362/mt, and should fluctuate around USD 2,400/mt today.

The US dollar index surged but fell to close at 74.065.

Domestic spot lead prices should be between RMB 16,000-16,200/mt.
 

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