Home / Metal News / SMM Morning Review - 2011/8/25 Lead Market

SMM Morning Review - 2011/8/25 Lead Market

iconAug 25, 2011 09:37
LME lead prices overnight opened higher at USD 2,355/mt, but fell slightly during the day.

SHANGHAI, Aug. 25 (SMM)--LME lead prices overnight opened higher at USD 2,355/mt, but fell slightly during the day, to as low as USD 2,325/mt and found support at the 10-day moving average. Orders for US durable goods in July were better than forecast, pushing up LME lead prices to cut previous losses, with prices closing at USD 2,351/mt. LME lead prices should move between USD 2,320-2,370/mt today.

The US dollar fluctuated widely and closed at 74.063.

Domestic spot lead prices should be between RMB 16,200-16,300/mt.
 

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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Related news