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Home / Metal News / SMM Morning Review - 2011/8/29 Lead Market

SMM Morning Review - 2011/8/29 Lead Market

iconAug 29, 2011 10:51
LME lead prices overnight moved steadily between USD 2,375-2,400/mt after opening.

SHANGHAI, Aug. 29 (SMM)--LME lead prices overnight moved steadily between USD 2,375-2,400/mt after opening. The US Fed Chairman Bernanke did not announce the implementation of QE3, and expressed an optimistic outlook of the US economy, mitigating concerns over US economy. In this scenario, LME lead prices surged to USD 2,482/mt, and finally closed at USD 2,479/mt, up USD 78.8/mt, or up 3.28%. The LME market is closed today.

The US dollar touched 74.464 and closed at 73.72.

Domestic spot lead prices should be between RMB 16,200-16,400/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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