SHANGHAI, Sept. 29 (SMM) – LME lead prices opened at USD 1,672/mt on Monday, then moved around USD 1,670/mt. During European trading session, LME lead prices tumbled to as low as USD 1,636/mt, and closed at USD 1,663.5/mt, down USD 1.5/mt. Trading volumes were up 953 to 4,524 lots, and total positions fell 298 to 122,964. LME lead inventories decreased 325 to 164,575 mt.
SHFE 1511 lead contract prices opened at RMB 12,990/mt, with the low-end of the price range RMB 12,940/mt, and closed at RMB 13,085/mt, down RMB 120/mt.
LME lead prices are expected to move between USD 1,645-1,675/mt today. SHFE 1511 lead contract prices will hover between RMB 13,000-13,140/mt, with spot prices between RMB 13,250-13,400/mt.