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Home / Metal News / SMM Morning Review - 2011/10/24 Lead Market

SMM Morning Review - 2011/10/24 Lead Market

Oct 24, 2011 09:37

Source:SMM

Last Friday, LME lead prices opened at USD 1,800/mt.

SHANGHAI, Oct. 24 (SMM) – Last Friday, LME lead prices opened at USD 1,800/mt. As investors were optimistic that European debt crisis will ease intermittently, which increased purchases ahead of the EU summit, LME lead prices edged up to close at USD 1,912/mt, up USD 121.8/mt, or 6.8%. LME lead prices should move between USD 1,880-1,960/mt today.

The US dollar index closed at 76.27.

SHFE lead prices should move between RMB 14,200-14,700/mt today, and domestic spot lead prices should be RMB 14,300-14,500/mt.

LME lead prices

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