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[brief comment on lead in SMM period] Shanghai lead scour strength at night or continue to bear pressure operation
Jul 17,2019 16:22CST
translation
Source:SMM
Shanghai lead newspaper close up on the film Xiaoyang line, on many times are fruitless, 16300 yuan / ton platform pressure is stronger, although the bulls continue to increase the position, but the opening strength is far less than yesterday, and the fundamentals did not appear to support the strong lead price news stimulation, Shanghai lead or continue to bear pressure operation at night, and may even step into the high "horizontal and long must fall" spell.
The content below was translated by Tencent automatically for reference.

SMM, July 17 / PRNewswire-Asianet /-

Within a day, Shanghai lead 1909 contract opened at 16300 yuan / ton, Shanghai lead basically under pressure at the daily average, and around the 16295 yuan / ton line operation, finally closed at 16305 yuan / ton, up 130 yuan / ton, up 0.8%, and the position increased 4118 hands to 51850 hands. Shanghai lead newspaper close up on the film Xiaoyang line, on many times are fruitless, 16300 yuan / ton platform pressure is stronger, although the bulls continue to increase the position, but the opening strength is far less than yesterday, and the fundamentals did not appear to support the strong lead price news stimulation, Shanghai lead or continue to bear pressure operation at night, and may even step into the high "horizontal and long must fall" spell.

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

 

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