Firmer bearish grip pushes price to fresh lows

摘要

Extending the slide seen at the time of writing CRU's previous Analysis, LME 3-month lead pricescontinued to lose ground, falling below $1,700/t by the end of October, then tumbling through the$1,600s in November to just about hold above the June 2010 low of $1,581/t. But the November lowsare perilously close to the June 2010 nadir at the time of writing and mark a further small step downfrom the previous low of $1,632/t seen in late August and again in early October.