SHANGHAI, Mar. 20 (SMM) – LME lead prices overnight opened at USD 2,109/mt and fluctuated between USD 2,100-2,120/mt due to a lack of important events, and finally closed at USD 2,105/mt. Traded volumes fell by 613 lots to 3,763 lots, and positions were down 281 lots to 115,000 lots. LME lead inventories increased by 1,775 mt to 368650 mt.
The US dollar index closed at 79.5, and COMEX 5 month silver closed at USD 33/oz, up USD 0.396/oz, or 1.21%.
On Tuesday, SHFE lead prices should move between RMB 15,850-16,000/mt, and domestic spot prices should be RMB 15,800-15,900/mt. Transactions will remain limited.