[may 11 SMM lead internal morning meeting record] spot transaction price to weak Shanghai lead continued shock market

게시됨: May 11, 2020 09:24 (GMT+8)

Summary of lead morning meeting:

Futures disk:

On Friday, shanghai lead opened at 13900 yuan / ton, slightly higher at the beginning of the session to 13925 yuan / ton, then Shanghai lead shock weakened, after the basic line of 13850 yuan, near the close, shanghai lead probe as low as 13815 yuan / ton, and finally reported 13815 yuan / ton, down 0.58%.

Spot fundamentals:

Last week, lead prices fluctuated and refinery inventory remained low, but refinery bulk orders quoted lower prices and weaker actual consumption. As of Friday, the mainstream market of bulk orders reported that the average price of SMM1# lead rose 50 yuan / ton to leave the factory in Pingshui; in the trade market, the supply of goods in circulation was still relatively limited, and most of the consignors reported a high rise in water. As of Friday, it was quoted as 450 RMB500 / ton for 2006 contracts. Recycled lead in the market volume increased this week, as of Friday, including tax recycled lead mainstream quotation of SMM1# lead average price discount 150,200 yuan / ton factory, individual areas have discount 250yuan / ton or more ex-factory quotation;

In addition, as of Friday (May 8), SMM five lead ingot stocks totaled 8000 tons, down more than 300 tons from before the festival.

Today's lead price forecast:

Bank holiday, LME closed for one day; Shanghai lead continued box shock, short-term expected to shock market;

SMM1# lead prices are expected to fall 25-75 yuan per tonne today.

데이터 출처 설명: 공개 정보를 제외한 모든 데이터는 SMM이 공개 정보, 시장 커뮤니케이션 및 SMM 내부 데이터베이스 모델을 기반으로 가공한 것입니다. 본 자료는 참고용이며 의사결정 권고를 구성하지 않습니다.

문의 사항이 있거나 자세한 정보를 원하시면 아래로 연락해 주시기 바랍니다: lemonzhao@smm.cn
리서치 보고서 열람 방법에 대한 자세한 내용은 아래로 문의하시기 바랍니다:service.en@smm.cn