[brief comment on lead in SMM] lead in Shanghai breaks its position in the afternoon and goes down at night or continues the weak market.

SMM July 9 News:

Within a day, the Shanghai lead 1908 contract opened at 15905 yuan / ton. At the beginning of the day, Shanghai lead was under pressure along the daily average line of 15890 yuan / ton. In the afternoon, stimulated by the news that the price of waste battery continued to fall, short positions increased by more than 2000 hands in only half an hour. Shanghai lead accelerated release, and finally closed at a new low of 15655 yuan / ton in the past two years, down 335yuan / ton, down 2.1%, and the position increased by 4672 hands to 56514 hands. Shanghai lead closed bald barefoot big Yin line, broken down, fell through the lower limit of the box concussion interval, which lasted for nearly two months, and the average price in the medium and short term turned down, and the possibility of bulls entering the market was smaller. It is expected that the probability of lead in Shanghai at night will be low, and continue the weak market.

(Guo Rong of Shanghai Color Network Tel: 021 51666879)