SMM Morning Review - 2011/10/21 Lead Market

Oct 21, 2011 09:33

LME lead prices overnight inched down after opened at USD 1,865/mt.

SHANGHAI, Oct. 21 (SMM) – LME lead prices overnight inched down after opened at USD 1,865/mt. As news that EU will allow EFSF to buy government bonds from the primary and secondary markets, LME lead prices stopped declines to move around USD 1,830/mt. But rumors that the summit due on October 23rd will be postponed depressed the market. As a result, LME lead prices dipped to a new low USD 1,772/mt, and closed at USD 1,790/mt, down USD 72/mt, or down 3.8%. The market will be cautious ahead of the summit, so LME lead prices should fluctuate around USD 1,800/mt level.

The US dollar index closed at 76.89.

SHFE lead prices should move between RMB 13,600-14,100/mt today, and domestic spot lead prices should be RMB 13,800-14,200/mt, with premiums of RMB 100-200/mt against SHFE 1112 lead contract prices.

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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SMM Morning Review - 2011/10/21 Lead Market

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025