LME LEAD CLOSES FIRMER
LME lead prices tended firmer as the
market edged towards the higher end of its current narrow
trading range, aided by a burst of cash metal pricing purchases
in the official morning rings, delers said.
    Three months delivery ended the afternoon ring at 301.50
stg, up 2.50 stg a tonne from yesterday afternoon's kerb close,
and the dollar equivalent ended around 484 dlrs a tonne.
    The cash metal buying widened the backwardation to around
seven at one stage from three stg a tonne yesterday.
 REUTER
