SHANGHAI, Feb 8 (SMM) – LME lead prices overnight fell after opening at USD 2,190/mt. During European trading hours, it was reported the final draft of an aid agreement for the much concerned Greek debt issue was under preparation, boosting euro to rise. As a result, LME lead prices edged up slightly to the opening price and regained some earlier losses, with prices finally closing at USD 2,189/mt, up only USD 0.8/mt. Trading volumes increased by 1,221 lots to 5,595 lots, and positions decreased by 809 lots to 110,000 lots. LME lead inventories increased by 1,250 mt to 376,050 mt.
The US dollar index closed at 78.58, and COMEX silver closed at USD 34.16/oz, up USD 0.39/oz.
On Wednesday, SHFE lead prices may move between RMB 16,000-16,300/mt, and domestic spot prices should be between RMB 15,900-16,050/mt.