SHANGHAI, Mar. 16 (SMM) – LME lead prices opened at USD 1,820/mt last Friday, and hovered around USD 1,818/mt during Asian trading hours. Due to sliding crude oil prices and the exodus of investors, LME lead prices inched lower during European and US trading hours and closed at USD 1,771/mt, down USD 43.5/mt. Trading volumes were 2,436, and total positions decreased 1,595 lots to 126,726.
SHFE 1505 lead contract prices opened at RMB 12,300/mt last Friday evening, then followed a downward track, closing at RMB 12,160/mt. Trading volumes were 2,044 lots, and total positions increased 138 lots to 16,912.
LME lead prices are expected to hover between USD 1,765-1,805/mt today, and SHFE 1505 lead contract prices will move between RMB 12,170-12,270/mt, with spot lead prices in Shanghai down RMB 50/mt to RMB 12,250-12,400/mt.