SHANGHAI, Sept. 21 (SMM)--LME lead prices overnight inched down after opening. The PMI for September in Germany and Euro zone was worse than expected, trigging concerns major economies growth will slow down. As a result, global stocks plunged, pushing up the US dollar index to 78.798. LME lead prices plummeted to USD 2,100/mt, closing at USD 2,080/mt, down USD 160/mt, or down 7.13%.
LME lead prices should fluctuate around the USD 2,100/mt mark today.
The US dollar index closed at 78.237.
Domestic spot lead prices should be between RMB 14,700-15,000/mt.