SHANGHAI, Aug. 12 (SMM)--LME lead prices overnight rose after opening, and stabilized between USD 2,300-2,340/mt later the day. As US jobless claims data for the week was better than forecasts, European and US stocks rebounded, driving up LME lead prices to USD 2,390/mt, and with prices closing at USD 2,388/mt, up USD 107/mt, or up 4.68%. LME lead prices are expected to fluctuate at USD 2,400/mt today.

The US dollar index fell to close at 74.662.

Domestic spot lead prices are expected to be RMB 16,100-16,300/mt today.

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