Lead market report June 2011

The lead ingot market kept relatively stable on both LME and Chinese market in June. The US economic data remained weak and investors still showed concerns on the European debt crisis.Asian Metal Copyright .Asian Metal Copyright However, as the Greece's Parliament late June passed crucial legislation implementing unpopular austerity measures demanded by international creditors to unbolt rescue funds and ease fears of Europe's first sovereign default.Asian Metal Copyright There was still little improvement seen in the Chinese lead market in June, though the Chinese lead prices followed the rising movement of lead futures on the LME.Asian Metal Copyright Base metals recovered on the LME in late June.Asian Metal Copyright However, as the Greece's Parliament late June passed crucial legislation implementing unpopular austerity measures demanded by international creditors to unbolt rescue funds and ease fears of Europe's first sovereign default.Asian Metal Copyright There was still little improvement seen in the Chinese lead market in June, though the Chinese lead prices followed the rising movement of lead futures on the LME.