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Home / Metal News / SMM Morning Review - 2011/9/20 Lead Market

SMM Morning Review - 2011/9/20 Lead Market

iconSep 20, 2011 09:42
Domestic spot lead is expected to be traded between RMB 15,700-15,850/mt on Tuesday.

SHANGHAI, Sept. 20 (SMM) -- LME lead prices moved below the 5-day moving average after opening lower, and a stronger US dollar dragged down LME lead prices below USD 2,300/mt, with prices even hitting a low of USD 2,295/mt. LME lead prices were stable between USD 2,300-2,330/mt during European and US trading hours, and finally closed at USD 2,303/mt, down USD 54/mt or 2.27%. SMM predicts LME lead prices may test the USD 2,300/mt mark today.
   
In neighboring markets, the US dollar index fluctuated at high levels, and finally closed at 77.358.

Domestic spot lead is expected to be traded between RMB 15,700-15,850/mt on Tuesday.

 

lead Pb
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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