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Home / Metal News / SMM Morning Review - 2011/9/21 Lead Market

SMM Morning Review - 2011/9/21 Lead Market

Sep 21, 2011 10:04

LME lead prices overnight plunged to USD 2,295/mt, and then rose as the US dollar index fell to 77.

SHANGHAI, Sept. 21 (SMM)--LME lead prices overnight plunged to USD 2,295/mt, and then rose as the US dollar index fell to 77. As results from the US Fed’s policy meeting became a focus of markets, LME lead prices moved steadily between USD 2,300-2,330/mt, closing at USD 2,308/mt. LME lead prices should fluctuate around the USD 2,300/mt mark today.

The US dollar index fell to close at 76.968.

Domestic spot lead prices should be between RMB 15,600-15,750/mt.

LME lead prices

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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