Battery Tips: London Metal and Lead Price

London Metal and Lead Price

London Metal across the board again plunged deep frustration Lun Jin Yicheng Ni

January 9 hearing caused by the short-term indices rose too fast too large, the speed of the London metals futures at low tide is also unambiguous. Copper & diving on Wednesday, led by the London metals futures deep frustration across the board, Donald Nickel is close to collapse into.

Copper & closing fell 4.3%, below $ 3,200, and just the day before, the session also briefly above $ 3,500 mark. Lun-Ni stainless steel manufacturer is subject to the impact of weak demand, inventories have continued to increase, fell to around $ 11,000. Other varieties are also recorded more than 2% decline.

The continued surge in copper inventories, has now reached 357,700 tons. LME aluminum inventories increasingly rapid growth momentum, increasing one-day Thursday 23800-2390000 t the top, continue to refresh the 14-year high.

Analysts said that after short-term speculation factors, the market focus back to fundamentals up, but this is no good news, so metal prices fall is a certainty.

LME nickel fell to an intraday low of $ 11,100, to close at $ 11,545, on Wednesday to close at $ 12,300. And its gain this year was more than 16%.

Three-month copper fell 4.3%, to close at $ 3,195, on Wednesday to close at $ 3,340.

Aluminium fell to $ 1,555 for three months on Wednesday to close at $ 1,594.

Three-month closing high of lead as the only basic metals, rose to $ 1,150 from the 1139/1140 U.S. dollars.

Three-month tin dropped to $ 11,400 from the $ 11,625.

Zinc was down $ 45, at $ 1,235.

Lead prices rose, as European drivers to choose a new battery

London, Jan. 8, according to news, cold winter and the recession has forced more and more European motorists who choose to replace the new battery, which lead to weak prices a boost.

Share of global vehicle battery over 40% of lead demand, analysts said the increased use of batteries has helped boost the 60% decline in 2008, lead prices.

According to auto repair station said the surge in demand for batteries.

RAC British car repair company, said its data show that in January this year, go out the battery-related repair services increased by 5% over last year.

RAC manager John Clayton said: "We are now in red alert, everyone could work out maintenance of vehicles."

"Of course most of the battery-related."

Car batteries in the cold of winter use significantly increased.

Battery life of a vehicle in about five to eight years, the average content of 5-25 kg of lead batteries.

UK vehicle recovery and maintenance services company Green Flag, a rescue station operator Richard Colburn said: "We are really very busy at the moment, more than 400 every day this week for help."

"Most of them are caused by extreme cold weather, battery-related failures, the temperature in parts of -9 degrees. We are in December and January a lot of battery replacement."

Lead prices bounce

Lead the market in recent months has been the auto industry to suppress negative data.

This has lead prices from October 2007 reached a record high of USD 3,890 per tonne, plunged about 70%.

But since the New Year began, lead prices have surged 15%.

Barclays Capital analyst Gayle Berry said: "Over the past week or two weeks, China's car Zheyi in replacing the car battery before the holiday season."

"We see the lead prices by supporting ...... Unlike many other metals, lead prices we have seen gains are supported by improved fundamentals."

Kwik Fit auto parts retailers in Europe, a spokesman said, although the upward trend in car sales conclude too early, but the situation is improving.

"A key driver of battery sales are seasonal fluctuations. For example, the battery last week, a substantial increase in sales over last year due to cold."