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SMM Morning Review - 2011/9/16 Lead Market
Sep 16,2011 10:04CST
price review forecast
Source:SMM
LME lead prices overnight moved steadily between USD 2,340-2,360/mt after opening.

SHANGHAI, Sept. 15 (SMM)--LME lead prices overnight moved steadily between USD 2,340-2,360/mt after opening. Although the US preliminary jobless claims and manufacturing index were both worse than expected, European Central Bank and other four central banks said they would provide European banks unlimited amounts of dollar loans, further mitigating concerns over the debt crisis issue in the Euro zone. The US dollar index once plummeted to 76, driving up LME lead prices to close at USD 2,392/mt, up USD 44/mt, or up 1.88%. LME lead prices should fluctuate around USD 2,400/mt today.

The US dollar index fell to close at 76.29.

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

LME lead prices

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