SHANGHAI, Oct. 13 (SMM) – LME lead prices overnight opened at USD 1,995/mt. As European Commission President proposed measures to cope with European debt crisis, and due to speculations Slovakia will finally pass the expansion of EFSF, market concerns eased. In this context, LME lead prices rose to USD 2,068/mt, but met resistance at the 20-day moving average, closing at USD 2,047/mt, up 2.98%. LME lead prices should move between USD 2,000-2,060/mt today.
The US dollar index closed at 77.04.
SHFE lead prices should move between RMB 14,500-15,100/mt today, and domestic spot lead prices should be RMB 14,700-15,000/mt.