[brief comment on lead in SMM] bulls continue to increase lead in Shanghai at night or mainly by interval concussion

Published: Jun 25, 2019 16:43

Save

Shanghai lead closed Xiaoyang line, continuing the upward market, but the upper 60-day moving average is strong, if there is no sudden news stimulation, it is difficult for Shanghai lead to break through the suppression platform in the near future, considering that the medium-and short-term moving average still maintains the upward trend, it is expected that Shanghai lead will run in the range formed by the average of 60 and 10 days at night.

SMM, June 25 / PRNewswire-Asianet /-

During the day, the Shanghai lead 1908 contract opened at 16205 yuan / ton, Shanghai lead continued overnight concussion market, running around the daily average, finally reported at 16235 yuan / ton, up 200 yuan / ton, up 125%, and the position increased 1962 hands to 50874 hands. Shanghai lead closed Xiaoyang line, continuing the upward market, but the upper 60-day moving average is strong, if there is no sudden news stimulation, it is difficult for Shanghai lead to break through the suppression platform in the near future, considering that the medium-and short-term moving average still maintains the upward trend, it is expected that Shanghai lead will run in the range formed by the average of 60 and 10 days at night.

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

Lead; lead brief review evening news

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

19 hours ago

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.

19 hours ago

"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.

19 hours ago

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.

19 hours ago