Lead market report August 2011
2012-01-04 11:06:10 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
The lead ingot market stopped the upward movement in August. The U.S. stocks slumped and Standard & Poor's on August 5 cut the US debt rating to AA+ with a negative outlook from the top-notch triple-A, triggered a panic sell-off of some high-risk assets. Therefore, the lead futures plummeted on the LME in early August, dampening the sentiment in the Chinese lead ingot market. However, the lead ingot prices recovered slightly in the second half of August, but the trading remained slow in the Chinese spot market. Most lead smelters ran with low operate rate in China in August.
