Non-ferrous
PriceNewsPublicationDatabaseEventsConsultingNon-ferrous
Base metals
Minor metals
Precious metals
Scrap metals
Rare earth
News
SMM Morning Review - 2011/9/2 Lead Market
Sep 2,2011 09:08
CSTprice review forecast
Source:SMM
LME lead prices overnight moved steadily after opening, and then tumbled to an intraday low USD 2,508/mt at noon due to the strengthening US dollar index.
SHANGHAI, Sept. 2 (SMM)--LME lead prices overnight moved steadily after opening, and then tumbled to an intraday low USD 2,508/mt at noon due to the strengthening US dollar index, finding support at the 5-day moving average. Due to the better-than-forecast US manufacturing data, LME lead prices gained back some losses to fluctuate around USD 2,353/mt, finally closing at USD 2,538/mt, down USD 43/mt. LME lead prices should struggle at the USD 2,500/mt mark today.
The US dollar index edged up and closed at 74.509.
Domestic spot lead prices should be between RMB 16,350-16,500/mt.
LME lead prices
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
SHFE Lead Sets for Losses (2016-9-26)
LME lead should move at USD 1,905-1,925/mt on Monday and SHFE 1611 lead is predicted to range between RMB 14,350-14,550/mt.
Sep 26, 2016 10:02CSTSHFE Lead to Remain on the Upward Track (2016-9-2)
LME lead is predicted to range between USD 1,930-1,950/mt on Friday and SHFE 1610 lead to move at RMB 14,400-14,600/mt.
Sep 2, 2016 10:05CSTSHFE Lead Prices Up 3.97% (2016-9-1)
SHFE 1610 lead started at RMB 13,965/mt and ended at RMB 14,420/mt, up RMB 550/mt or 3.97%.
Sep 1, 2016 17:44CSTSHFE Lead Prices Up 0.07% (2016-8-26)
SHFE 1610 lead started at RMB 13,945/mt and ended at RMB 13,960/mt, up RMB 10/mt or 0.07%.
Aug 26, 2016 17:11CSTSHFE Lead Ends Higher (2016-7-29)
SHFE 1609 lead started at RMB 13,675/mt and then rose to previous level of RMB 13,750/mt. The contract ended at RMB 13,775/mt, up RMB 85/mt or 0.62%.
Jul 29, 2016 17:42CSTMOST POPULAR
data analysis
price review forecast
feature
China Metals Market
Back to old version
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Copyright © 2020 SMM Information & Technology Co, Ltd. All rights reserved.