SHANGHAI, April 7 (SMM) -- The LME lead market overnight exceeded USD 2,300/mt, standing above the 60-day moving average, and entering a new territory technically. LME lead prices are expected to climb higher, and will test USD 2,350/mt.
In neighboring markets, the euro fell against the dollar, since reports that Greece wanted to amend a European Union aid deal rekindled fear its ability to resolve debt issues. The US dollar index closed at 81.436. Gold futures on the COMEX closed at USD 1,136 per ounce, up USD 2.2. Silver futures for May delivery ended 18.7 cents lower at USD 17.931 per ounce.
Domestic lead market is expected to trade between RMB 15,750-15,900/mt on Tuesday.
To contact the writer on this report: Sherryshi@smm.cn
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