June 2012 | Base Metals
Chinese auto sales show signs of recovery: Lead - Market Analysis
Prices seem well supported below $1,900/tonne. Although there is still downside risk, better auto data in China may help underpin sentiment.
Stocks outflow rises sharply
Activity on LME lead stocks was subdued last week, with outflows averaging 1,075 tpd, down from 2,245 tpd the week before, while inflows were 625 tpd, lower than the 910 tpd seen during the previous week. Cancelled warrants continued to decline, falling to 57,975 tonnes on Friday, from the...
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