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Home / Metal News / SMM Morning Review - 2011/8/26 Lead Market

SMM Morning Review - 2011/8/26 Lead Market

Aug 26, 2011 09:24

LME lead prices overnight moved steadily between USD 2,355-2,380/mt after opening.

SHANGHAI, Aug. 26 (SMM)--LME lead prices overnight moved steadily between USD 2,355-2,380/mt after opening. Despite US disappointing preliminary jobless claims data, speculations that Bernanke’s statement will shore up US economy, boosting LME lead prices to close at USD 2,400/mt mark, up USD 49/mt, or up 2%. LME lead prices should fluctuate around USD 2,400/mt today.

The US dollar fluctuated to rise and closed at 73.845.

Domestic spot lead prices should be between RMB 16,150-16,300/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.

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