SMM, 29 April:
Within the day, the Shanghai lead main force 2006 contract opened at 13800 yuan / ton, the whole day basic pressure daily average line narrow range concussion, finally closed at 13745 yuan / ton, the position reduced 433 hands to 25340 hands, down 95 yuan / ton, down 0.69%. Shanghai lead closed in the small negative line, the lower moving average densely formed a strong support, however, the fundamentals became weak, the stock preparation before the festival was limited, only the large battery factory took action, at the same time, the new production increment of the recycled lead supply end in May was significant. It is expected that the downward shift of the center of gravity of lead price in May is a high probability event.
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)
