SMM Morning Review - 2011/9/14 Lead Market

Sep 14, 2011 10:01

LME lead prices surged to USD 2,435/mt after opening, but then plunged to USD 2,400/mt level as the US dollar index touched 77.5.

SHANGHAI, Sept. 14 (SMM)--LME lead prices surged to USD 2,435/mt after opening, but then plunged to USD 2,400/mt level as the US dollar index touched 77.5. LME lead prices continued to fluctuate around the USD 2,400/mt level despite the ongoing European debt crisis is still a focus of markets. Finally, LME lead prices closed at USD 2,386/mt, down USD 39/mt, or down 1.6%. LME lead prices should fluctuate between USD 2,370-2,430/mt today.

The US dollar index surged but fell to close at 77.06.

Domestic spot lead prices should be between RMB 16,150-16,250/mt.

LME lead prices

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SMM Morning Review - 2011/9/14 Lead Market

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