SMM Morning Review - 2011/9/15 Lead Market

Sep 15, 2011 10:20

LME lead prices failed to surge to USD 2,400/mt after opening, and inched down as the US dollar index rose to 77.5.

SHANGHAI, Sept. 15 (SMM)--LME lead prices failed to surge to USD 2,400/mt after opening, and inched down as the US dollar index rose to 77.5. US PPI for August and retail sales were unchanged from the previous week, worse than expected, weighing down LME lead prices to USD 2,326/mt. Finally, SHFE lead prices closed at USD 2,348/mt, down USD 38.5/mt, or down 1.61%. LME lead prices should fluctuate between USD 2,320-2,400/mt today.

The US dollar index surged but fell to close at 76.85.

Domestic spot lead prices should be between RMB 16,100-16,200/mt.

LME lead prices

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SMM Morning Review - 2011/9/15 Lead Market

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