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Home / Metal News / SMM Morning Review - 2011/9/23 Lead Market

SMM Morning Review - 2011/9/23 Lead Market

Sep 23, 2011 10:07

Source:SMM

LME lead prices overnight inched down after opening.

SHANGHAI, Sept. 21 (SMM)--LME lead prices overnight inched down after opening. The PMI for September in Germany and Euro zone was worse than expected, trigging concerns major economies growth will slow down. As a result, global stocks plunged, pushing up the US dollar index to 78.798. LME lead prices plummeted to USD 2,100/mt, closing at USD 2,080/mt, down USD 160/mt, or down 7.13%.
LME lead prices should fluctuate around the USD 2,100/mt mark today.

The US dollar index closed at 78.237.

Domestic spot lead prices should be between RMB 14,700-15,000/mt.

LME lead prices

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