June 2009 | Base Metals
Waiting for a summer demand pick-up; last year it occurred from early July: Lead- Market Analysis
Lead could be poised for fresh strength as seasonal demand may tighten the market again in the coming month.
LME lead stocks have risen for 11 consecutive weeks now, gaining 3,025 tonnes or 3.5% last week to take the total to 89,200 tonnes. Cancelled warrants remain at just 75 tonnes, unchanged for almost three weeks. Although we do note the spreads are tightening, stock data clearly shows that there is no sign of a seasonal pick-up in...
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