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SMM Morning Review - 2011/10/28 Lead Market
Oct 28,2011 09:57CST
smm insight
Source:SMM
LME lead prices overnight opened at USD 1,930/mt and then surged as European leaders reached an agreement on the bailout issue of European debt crisis.

SHANGHAI, Oct. 28 (SMM) – LME lead prices overnight opened at USD 1,930/mt and then surged as European leaders reached an agreement on the bailout issue of European debt crisis, with prices finally closing at USD 2,040/mt, up USD 110/mt, or up 5.7%. LME lead prices should move between USD 2,000-2,050/mt today.

The US dollar index closed at 74.93.

SHFE lead prices should move between RMB 15,500-15,800/mt today, and domestic spot lead prices should be RMB 15,350-15,600/mt.
 

LME lead prices

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