[brief comment on lead in SMM period] most of the recent red turns are short sellers leaving the market at night in Shanghai or will continue the horizontal market.

Published: Jun 5, 2019 15:23
Shanghai lead close Xiaoyang line, the recent red is caused by short departure, there is no sign of long entry, so it is difficult to have sustained upward momentum, coupled with the 5, 10-day moving average trend flattened, it is expected that Shanghai lead may continue the horizontal market at night.

SMM, June 5 / PRNewswire-Asianet /-

Within a day, the main 1907 contract for lead in Shanghai was opened at 16045 yuan per ton. At the beginning of the day, some short sellers made a profit and left the market, and the concussion of lead in Shanghai rose to about 16100 yuan per ton. How long left the market at a high risk, and the pressure on lead in Shanghai was as low as 15965 yuan per ton, followed by a line of 16010 yuan per ton. Finally, it closed at 16030 yuan per ton, up 95 yuan per ton, or 0.6 percent, and the position was reduced by 2684 hands to 49124 hands. Shanghai lead close Xiaoyang line, the recent red is caused by short departure, there is no sign of long entry, so it is difficult to have sustained upward momentum, coupled with the 5, 10-day moving average trend flattened, it is expected that Shanghai lead may continue the horizontal market at night.

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

 

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 to learn 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
Lead Prices Stagnant, Smelters Maintain Firm Offers Amid Losses
Feb 6, 2026 19:50
Lead Prices Stagnant, Smelters Maintain Firm Offers Amid Losses
Read More
Lead Prices Stagnant, Smelters Maintain Firm Offers Amid Losses
Lead Prices Stagnant, Smelters Maintain Firm Offers Amid Losses
Lead prices were in the doldrums, while secondary lead smelters maintained firm offers due to losses. The mainstream spot order ex-factory prices including tax narrowed the discount to the SMM #1 lead average price by 100 yuan/mt, shifting to a premium of 0–25 yuan/mt, with some smelters halting offers and sales.
Feb 6, 2026 19:50
"Domestic Secondary Crude Lead Market Slows as Holidays Approach, Smelters Halt Production"
Feb 6, 2026 19:49
"Domestic Secondary Crude Lead Market Slows as Holidays Approach, Smelters Halt Production"
Read More
"Domestic Secondary Crude Lead Market Slows as Holidays Approach, Smelters Halt Production"
"Domestic Secondary Crude Lead Market Slows as Holidays Approach, Smelters Halt Production"
Pre-holiday stockpiling by downstream enterprises had largely concluded, and a few had already entered the holiday period, completely suspending procurement. Next week, secondary lead smelters will enter a concentrated wave of production halts and holidays, resulting in sluggish trading activity in the spot market. Offers for spot refined lead orders were sparse, with prices moving in line with the market.
Feb 6, 2026 19:49
Sluggish Transactions in Domestic Secondary Crude Lead Market, Prices at 15,250-15,400 Yuan/mt
Feb 6, 2026 19:48
Sluggish Transactions in Domestic Secondary Crude Lead Market, Prices at 15,250-15,400 Yuan/mt
Read More
Sluggish Transactions in Domestic Secondary Crude Lead Market, Prices at 15,250-15,400 Yuan/mt
Sluggish Transactions in Domestic Secondary Crude Lead Market, Prices at 15,250-15,400 Yuan/mt
The domestic secondary crude lead market experienced sluggish transactions. As of February 6, 2026, the ex-factory tax-exclusive offers for domestic secondary crude lead stood at 15,250-15,400 yuan/mt. Downstream refined lead and alloy smelters gradually entered the holiday period, showing weak stockpiling willingness. Overseas lead ingot suppliers basically halted transactions with China due to poor consumption in the Chinese market, with only some previously concluded shipments maintaining normal in-transit transportation. The trading atmosphere in the secondary crude lead market will continue to weaken next week.
Feb 6, 2026 19:48
[brief comment on lead in SMM period] most of the recent red turns are short sellers leaving the market at night in Shanghai or will continue the horizontal market. - Shanghai Metals Market (SMM)