[brief comment on lead in SMM] short positions increase nearly 10,000 hands for two days in a row and pay attention to whether Shanghai lead can recover 10,000 levels at night.

Published: Jun 21, 2019 16:38 (GMT+8)
Shanghai lead reported to the Dayin line, initially formed a downward channel, broke through the middle rail support of Brin Road, and 5, 10 days EMA formed a dead fork, Shanghai lead upward resistance is greater, pay attention to Shanghai lead can recover Wanliu psychological pass at night. no, no.

SMM, June 21 / PRNewswire-Asianet /-

During the day, the Shanghai lead 1908 contract opened at 16280 yuan / ton, at the beginning of the day, the short position added into the market, Shanghai lead concussion was explored, and then stabilized and consolidated at 16015 yuan / ton, followed by short-term profit departure, Shanghai lead shock platform rose slightly to near the daily average, near the close, due to the overall weakness of non-ferrous metals, Shanghai lead fell below the 10,000 integer mark, and recorded an intraday low of 15945 yuan / ton, finally reported at 15965 yuan / ton, down 155 yuan / ton, down 0.96%. Position increased by 6392 to 45656. Shanghai lead reported to the Dayin line, initially formed a downward channel, broke through the middle rail support of Brin Road, and 5, 10 days EMA formed a dead fork, Shanghai lead upward resistance is greater, pay attention to whether Shanghai lead can recover the psychological barrier 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 for 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
Chinese Secondary Lead Smelter Resumes Dismantling, Aims to Restart Crude Lead Line Post-Holiday
7 hours ago
Chinese Secondary Lead Smelter Resumes Dismantling, Aims to Restart Crude Lead Line Post-Holiday
Read More
Chinese Secondary Lead Smelter Resumes Dismantling, Aims to Restart Crude Lead Line Post-Holiday
Chinese Secondary Lead Smelter Resumes Dismantling, Aims to Restart Crude Lead Line Post-Holiday
[Secondary lead production update] A small secondary lead smelter in south-west China has resumed its dismantling line and is expected to restart its crude lead smelting line after the National Day holiday.
7 hours ago
Yancheng Labor Insurance Center Announces Public Disposal of Retired Batteries with Strict Qualification Requirements
7 hours ago
Yancheng Labor Insurance Center Announces Public Disposal of Retired Batteries with Strict Qualification Requirements
Read More
Yancheng Labor Insurance Center Announces Public Disposal of Retired Batteries with Strict Qualification Requirements
Yancheng Labor Insurance Center Announces Public Disposal of Retired Batteries with Strict Qualification Requirements
[Waste Lead-Acid Battery Market Dynamics] Recently, the Yancheng Social Labor Insurance Center issued a notice on battery retirement and disposal. In accordance with relevant regulations on fixed asset management of administrative institutions, our unit plans to publicly dispose of a batch of batteries that have reached retirement standards. Bidders are required to hold a valid Hazardous Waste Operation Permit with approved category including HW31 (900-52). This reflects the accelerated standardized recycling of waste lead-acid batteries by administrative institutions and public agencies, with hazardous waste qualification becoming a mandatory threshold.
7 hours ago
Heyuan Issues Strict Regulations and Fines for Unauthorized Waste Lead-Acid Battery Management
7 hours ago
Heyuan Issues Strict Regulations and Fines for Unauthorized Waste Lead-Acid Battery Management
Read More
Heyuan Issues Strict Regulations and Fines for Unauthorized Waste Lead-Acid Battery Management
Heyuan Issues Strict Regulations and Fines for Unauthorized Waste Lead-Acid Battery Management
[Waste Lead-Acid Battery Market Update] Recently, the Heyuan Municipal Ecology and Environment Bureau issued the "Notice on Regulating the Management of Waste Lead-Acid Batteries." According to the Ecological Environment Code of the People's Republic of China, enterprises and public institutions that engage in the collection and storage of waste without a permit may be fined 200,000-1 million yuan; those that engage in utilization and disposal operations without a permit may be fined 1-5 million yuan and ordered to suspend operations or shut down, with responsible persons fined 100,000-1 million yuan; if the act constitutes a crime, criminal liability shall be pursued in accordance with the law.
7 hours ago