Lead prices flat... Lead prices are trading sideways within a triangle on the chart that has ranged between $1,977 and $2,093 per tonne. Three-month prices, at $2,046 per tonne, are 6.7 percent above the mid-August lows, which compares with copper and zinc prices that are 10 percent and 10.8 percent above their August lows. ...but spreads tighten In recent days, the LME lead cash/three-month spread has tightened to $3.75-$2.75 per tonne contango, from an average of $14.5 per tonne contango so far in September. The tighter spread suggests short-covering, or at least that market-makers anticipates short-covering. Physical...
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