[brief Review of SMM lead] Shanghai lead continuous consolidation short entry

Published: Apr 17, 2020 15:42

Save

SMM, 17 April:

Within the day, the Shanghai lead main force 2006 contract opened at 13800 yuan / ton, the whole day basically around the daily average shock, near the close, the consumer end of the downturn, superimposed recycled lead discount quotation increase, short capital entry pressure, Shanghai lead center of gravity slowly moved down, finally closed at 13715 yuan / ton, up 65 yuan / ton, up 0.48%, position increased by 2158 hands to 24196 hands. Shanghai lead closed small negative line, to 5, 10 moving averages formed by the formation of the platform as the support shock, the weekend to pay close attention to the changes in macro news.

In addition, according to the announcement of the previous issue, there has been no night trading in Shanghai since February 3, and the recovery time has yet to be determined.

(Guo Rong, Shanghai Colored Network Tel: 021-51666879)

Lead; lead brief Review Evening News

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Guangdong Launches 2026 E-bike Trade-in Subsidy Campaign, Offering 500 Yuan for New Purchases

[E-bike Market Dynamics] Recently, at the Guangdong E-bike Industry High-Quality Development Promotion Meeting, the launch of the 2026 Guangdong Province E-bike Trade-in Special Campaign was announced. According to the policy, within the 2026 calendar year, individual consumers who trade in and retire old e-bikes and purchase a new compliant e-bike priced at 3,000 yuan or above per unit can receive a one-time subsidy of 500 yuan per transaction, with each person eligible to claim it only once.

1 hour ago

Chifeng Traffic Police Crack Down on Illegal E-Bike Modifications and Promote Safe Riding Practices

[E-Bike Market Dynamics] According to the traffic police of Chifeng City, Inner Mongolia Autonomous Region, in order to prevent e-bike road traffic safety risks at the source, the Traffic Management Detachment of the Chifeng Municipal Public Security Bureau recently continued to conduct in-depth inspections at e-bike sales and repair shops within its jurisdiction, carried out special investigations and publicity and education campaigns, strictly cracked down on illegal acts such as modifications and assemblies, and guided the public to ride e-bikes properly.

1 hour ago

Shanxi Seeks Public Comments on New E-bike Regulations, Prohibits Modifications and Sets Transition Period

[E-bike Market Dynamics] According to the Shanxi Provincial People's Congress website, the "Shanxi Province E-bike Management Regulations (Draft)" (hereinafter referred to as the "Regulations")) is currently open for public comments, with the submission deadline set for July 12, 2026. The "Regulations" explicitly prohibit violations such as assembling or modifying electric motors, batteries, and speed-limiting devices; vehicles that do not comply with the "E-bike Safety Technical Specifications" will be subject to transitional management, with the transition period ending no later than December 31, 2030.

1 hour ago