SHANGHAI, Aug. 10 (SMM)--LME lead prices overnight opened lower and edged up. During European trading hours, the Fed announced the US will maintain low interest rates until 2013, bracing up market confidence, and weighing down the US dollar index. As a result, LME lead prices rose to fluctuate between USD 2,255-2,300/mt, finally closing at USD 2,267.5/MT, up USD 37.5/mt, or up 1.68%. LME lead prices are expected to open high and struggle at USD 2,300/mt.
The US dollar index closed at 74.027, down 1.09%.
Domestic spot lead prices are expected to be RMB 15,700-15,900/mt today.
Copyright © SMM. All Rights Reserved
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: firstname.lastname@example.org