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SMM Morning Review - 2011/10/13 Lead Market
Oct 13,2011 10:02CST
price review forecast
Source:SMM
LME lead prices overnight opened at USD 1,995/mt.

SHANGHAI, Oct. 13 (SMM) – LME lead prices overnight opened at USD 1,995/mt. As European Commission President proposed measures to cope with European debt crisis, and due to speculations Slovakia will finally pass the expansion of EFSF, market concerns eased. In this context, LME lead prices rose to USD 2,068/mt, but met resistance at the 20-day moving average, closing at USD 2,047/mt, up 2.98%. LME lead prices should move between USD 2,000-2,060/mt today.

The US dollar index closed at 77.04.

SHFE lead prices should move between RMB 14,500-15,100/mt today, and domestic spot lead prices should be RMB 14,700-15,000/mt.
 

LME lead prices

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