SHANGHAI, Aug. 26 (SMM)--LME lead prices overnight moved steadily between USD 2,355-2,380/mt after opening. Despite US disappointing preliminary jobless claims data, speculations that Bernanke’s statement will shore up US economy, boosting LME lead prices to close at USD 2,400/mt mark, up USD 49/mt, or up 2%. LME lead prices should fluctuate around USD 2,400/mt today.
The US dollar fluctuated to rise and closed at 73.845.
Domestic spot lead prices should be between RMB 16,150-16,300/mt.