SMM Morning Review - 2011/9/13 Lead Market

Sep 13, 2011 10:05

LME lead prices inched down after opening last Friday on improving concerns over European debt crisis, falling to USD 2,380/mt.

SHANGHAI, Sept. 9 (SMM)--LME lead prices inched down after opening last Friday on improving concerns over European debt crisis, falling to USD 2,380/mt, then moving around the USD 2,400/mt level. Market sentiment stabilized on news that European Central Bank will buy government bonds of countries near the Euro zone, driving up LME lead prices to close at USD 2,425/mt. LME lead prices should fluctuate around USD 2,400/mt today.

The US dollar index surged to 77.784 and closed at 77.266.

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

LME lead prices

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SMM Morning Review - 2011/9/13 Lead Market

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