News Current location: Home - News
Fed Raised Interest Rates as Expected, Putting Pressure on Lead Prices
2023-3-28
In terms of LME lead, as the Fed raised interest rates as expected, the US dollar index rebounded, which put pressure on the prices of non-ferrous metals. In terms of fundamentals, LME lead stocks did not change during last week. But it is worth noting that the premiums of LME cash to three month increased to $31.75/mt, which is a go to the lead prices. LME lead prices are expected to rise $2,085-2,145/mt this week.

WWW.LINGTONG.INFO is China's most authoritative information provider on non-ferrous scrap metals. Once registered, your account will be available on both Chinese and English websites. More information is waiting for you on www.lingtong.info . Register now for free!