Lead dropped on the MCX by an average of three percent with concerns about reduced global demand and an increase of problems within the European banking sector. London Metal Exchange‘s warehouse inventories supported lead and zinc with a gradual decline. According to Gallipeli, zinc prices continue to find support as the metal is perceived to be [...]
London Metal Exchange lead for delivery in three months dropped over 5%. The fall was in keeping with the fall in other base metal prices based on the rejection of US Congress’s proposed bail out plan. London Metal Exchange lead for delivery in three months fell more than 5 percent to a session low of [...]
The London Metal Exchange (LME) launched extended prompt dates for Standard Lead contracts. Standard Lead will be traded out to five years, which is an extension from 15 months. “The extensions of the prompt dates are the culmination of a long period of research and analysis by the LME. There is already significant OTC activity [...]
London Metal Exchange lead rose almost 5 percent based on short-covering. Lead rose 5.3 percent to a high of $2,000, before being quoted at $1,985/2,000. Find the article here.
The weakened US dollar after a rise in crude oil steadied the London Metal Exchange and saw buyers bringing up base metal futures on the Multi Commodity Exchange. Copper inventories fell by 50 tons, while aluminium stockpiles declined by 1,525 tons, traders said. Meanwhile, lead gained 2.2 per cent to 1,845 US dollar a tonne [...]
Lead closed at $1,950 from $1,909 on Tuesday. The London Metal Exchange (LME) saw stocks fall to their lowest level since June with a 700 tonne drop to 79,150. move LME Cu 7340.00 70.00 +0.96 6670.00 10.04 SHFE Cu* 57710.00 410.00 +0.72 56880.00 1.46 LME Alum 2672.00 -23.00 -0.85 2403.00 11.19 SHFE Alu* 17150.00 -50.00 [...]
Lead’s three week high in London based on speculation that China’s demand had improved. China is the world’s largest consumer and producer of lead. Stockpiles monitored by the London Metal Exchange have fallen 18 percent since the end of June, mostly in Singapore, the nearest lead warehouse location to China. The amount of metal earmarked [...]
As inventories drop lead has hit a two-week high. Lead shifted from $1,855 at close on Tuesday to a last quote of $1,925/1,930. Prices for zinc, lead and nickel all rebounded, after declining on Tuesday, as inventories fell in London Metal Exchange warehouses and as the dollar eased from its 2008 highs against a basket [...]
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