Lead prices are slumping as the speculative community makes a swift exit from the market, but brokers say the sell-off was long overdue because the recent strength, based on Chinese supply concerns, was creating a bubble.
China is well supplied with the metal, meaning the impact of the closures is more or less contained. According to recent customs data, China imported six times more unwrought lead in the first seven months of 2009, compared with the same period of 2008. In the same period, its lead production rose 19.4% to more than 2 million tons
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Thursday, September 10, 2009
Lead Prices - China
Posted by MoneyBazaars at 5:02 PM
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