[brief Review of lead in SMM] Macro-news stimulates lead in Shanghai to strengthen within days

SMM, 27 April:

Within days, the Shanghai lead main force 2006 contract short opened at 13790 yuan / ton, domestic commercial storage news to boost non-ferrous metals, but the fundamentals weakened Shanghai lead upward force is insufficient, the whole day basically to the bottom of the daily average, and the top pressure Wansi level shock, during the period recorded a high of 14030 yuan / ton, finally closed at 13940 yuan / ton, position increased by 670 hands to 25564 hands, up 185 yuan / ton, an increase of 1.34%. Shanghai lead closed barefoot small positive line, the stimulation of macro news, it is still difficult to promote Shanghai lead station on the Wansi pass, superimposed spot market trading turn weak, downstream pre-festival stock mood has not been reflected, the bulls in this position to increase the confidence has also weakened.

In addition, according to the last issue of the announcement, since the evening of May 6 to resume night trading.

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