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SMM Morning Review - 2011/8/18 Lead Market
Aug 18,2011 09:40
CSTprice review forecast
Source:SMM
LME lead prices overnight generally fluctuated between USD 2,355-2,380/mt after opening.
SHANGHAI, Aug. 18 (SMM) -- LME lead prices overnight generally fluctuated between USD 2,355-2,380/mt after opening. Boosted by the weakened US dollar index and strong results from US retailer, LME lead prices broke through USD 2,400/mt, rising to as high as USD 2,405/mt. At the end of trading, LME lead prices fell slightly to close at USD 2,375/mt. LME lead prices should struggle at USD 2,400/mt today.
The US dollar index fell to close at 73.792.
Domestic spot lead prices should be between RMB 16,150-16,300/mt.
LME lead prices
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