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SMM Morning Review - 2011/9/21 Lead Market
Sep 21,2011 10:04
CSTprice review forecast
Source:SMM
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
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