SMM Morning Review - 2011/9/9 Lead Market

Sep 9, 2011 09:12

Source:SMM

LME lead prices overnight stabilized between USD 2,400-2,425/mt after opening.

SHANGHAI, Sept. 9 (SMM)--LME lead prices overnight stabilized between USD 2,400-2,425/mt after opening. US trade deficit contracted to USD 48.81 billion, lower than the expected USD 51 billion, boosting LME lead prices to USD 2,489/mt. Finally, LME lead prices closed at USD 2,470/mt, up USD 50/mt, or up 2%. As the Mid-Autumn Day Festival nears and since US President Obama will announce job creation plan, and China will also release the CPI for August, the market is cautious. LME lead prices should move between USD 2,450-2,510/mt today.
The market should be cautious ahead of the release of new economic data Thursday.

The US dollar index surged to 76.379 and closed at 76.26.

Domestic spot lead prices should be between RMB 16,200-16,350/mt.

LME lead prices

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

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.

SMM Morning Review - 2011/9/9 Lead Market

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025