[brief comment on lead in SMM] it is difficult for Shanghai lead to break the interval concussion market at night along the 10-day moving average.

Published: Jun 18, 2019 16:20
Shanghai lead close Xiaoyang line, run along the 10-day EMA, and Shanghai lead is still in the range of 20, 40 days EMA, it is expected to be difficult to break the market at night.

SMM, June 17 / PRNewswire-Asianet /-

Within a day, the Shanghai lead 1907 contract opened at 16240 yuan / ton. At the beginning of the day, Shanghai lead ran at 16180 yuan / ton above the daily average. In the afternoon, the short entered the market, and the Shanghai lead shock platform moved down to 16140 yuan / ton. Finally, it was reported at 16140 yuan / ton, up 55 yuan / ton, an increase of 0.34%, and the position was reduced by 2118 hands to 40220 hands. Shanghai lead close Xiaoyang line, run along the 10-day EMA, and Shanghai lead is still in the range of 20, 40 days EMA, it is expected to be difficult to break the 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