首页|Market Special: Lead hits 13-mth low on fund, long liquidation
Market Special: Lead hits 13-mth low on fund, long liquidation
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NSTL
A combination of continued fund selling and long liquidation forced lead prices to a 13-month low as the market played catch-up to the rest of the base metals complex in early trade. Three-month metal fell through immediate support at 432 dollars a metric ton to hit 428.50/ton (bid), and dealers said further downside is possible before trade players enter to buy into the dips. Lead had held relatively firm Wednesday afternoon while the rest of the meals fell on weaker than expected U.S. gross domestic product data for the second quarter.
NSTL
