SHANGHAI, April 30 (SMM) -- On Wednesday, LME lead prices dropped below USD 2,205/mt during the session, with prices finally closing above the 60-day moving average. Larger price declines on the LME lead market increased market risk aversion, leading to declines both in trading volumes and positions. LME lead prices are estimated to test USD 2,200/mt today.

In neighboring markets, the euro gained against the euro, as the expectations that Greece will receive a larger aid package eased market concerns over debt issues in the euro zone. As a result, the US dollar index ended at 81.943. Gold futures for June delivery finished at USD 1,168.80 per ounce, down USD 3, and silver futures for May delivery ended 44.2 cents higher at USD 18.549 per ounce.

Domestic lead market is expected to trade between RMB 15,600-15,700/mt on Friday. 

To contact the writer on this report: Sherryshi@smm.cn

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