SHANGHAI, Aug. 17 (SMM)--LME lead prices overnight opened higher but moved lower below USD 2,400/mt, as low as USD 2,342/mt. The better-than-forecast US industrial activities and housing starts in July failed to ease market concerns over global economy. In this context, LME lead prices touched USD 2,388/mt but closed at USD 2,362/mt, and should fluctuate around USD 2,400/mt today.
The US dollar index surged but fell to close at 74.065.
Domestic spot lead prices should be between RMB 16,000-16,200/mt.