SHANGHAI, Mar. 13 (SMM) – LME lead prices began at USD 2,204/mt and moved between USD 2,195-2,210/mt during Asian trading hours. Later, as the US dollar moved down, LME lead prices rose to USD 2,230/mt and finally ended up USD 23.5/mt at USD 2,226.5/mt. Trading volumes were up 303 lots to 4,740 lots, and positions were down 270 lots to 116,000 lots. LME lead inventories fell 1,600 mt to 283,300 mt.
The US dollar index closed at 82.55, while COMEX silver for May delivery ended at USD 29.2/oz, up USD 0.3/oz.
On March 13, SHFE 1305 lead contract price will likely open higher to move between RMB 14,700-14,850/mt, with spot lead prices in China expected at RMB 14,550-14,700/mt.