SHANGHAI, Dec. 27(SMM) – Last Friday, transactions were muted in China’s domestic lead markets before the Christmas Eve. Base metals markets did not show wide fluctuations. In response, LME lead prices fluctuated at around the opening level, and finally closed USD 0.5/mt higher at USD 2,435.5/mt, with positions down 2,199 lots. SMM expects LME lead prices may fluctuate above USD 2,430/mt in the near term.
In neighboring markets, the US dollar index fluctuated at around 80.5 and finally settled at 80.474, around the 5-day moving average.
SMM expects transactions in China’s lead spot markets to be made in the 16,800-16,950/mt range on Monday.
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