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SMM Morning Review - 2011/8/26 Lead Market
Aug 26,2011 09:24CST
price review forecast
Source:SMM
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

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