SHANGHAI, Sept. 7 (SMM)--LME lead prices overnight failed to touch USD 2,450/mt after opening, and then plummeted to USD 2,402/mt, finding support at USD 2,400/mt. As investors all switched to risk adverse assets on concerns over European debt crisis, the US dollar index surged to 76, pushing down LME lead prices to close at USD 2,404/mt, down USD 21/mt. LME lead prices should fluctuate between USD 2,380-2,430/mt today.
The US dollar index touched 76 and closed at 75.87.
Domestic spot lead prices should be between RMB 16,050-16,150/mt.