SHANGHAI, Jul. 15 (SMM) – LME lead moved between the 5 and 40-day moving averages during evening session Tuesday and closed the session at USD 1,847.5/mt, gaining USD 4.5/mt or 0.24%. Trading volumes were up 1,747 to 6,677 lots while positions fell 4,100 to 136,765. LME lead inventories surged 496,525 mt to 220,600 mt.
LME lead is expected to fluctuate between USD 1,815-1,855/mt today. SHFE 1509 lead should hover between RMB 13,140-13,240/mt and RMB 13,300-13,400/mt for spot lead.