SHANGHAI, Aug. 11 (SMM)--LME lead prices overnight surged to USD 2,350/mt after opening. But talks French credit rating will likely be downgraded caused global stocks to plunge, which were refuted later the day. In this context, LME lead prices plummeted to USD 2,265/mt, with prices finally closing at USD 2,281/mt, up USD 13/mt. LME lead prices should move between USD 2,240-2,340/mt today.
The US dollar index closed at 74.027, down 1.09%.
Domestic spot lead prices are expected to be RMB 16,000-16,150/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: email@example.com