[brief comment on lead in SMM period] the high level of lead in Shanghai may fall back at night or continue the pullback market.

Published: Jul 29, 2019 16:08
Shanghai lead closed Xiaoyin line, fell back at the high, considering that the outer plate lead also formed a downward channel, and it is more difficult to turn over at night, so the night Shanghai lead or continuation of the pullback market, the 5-day EMA support role is weak.

SMM, July 29 / PRNewswire-Asianet /-

Within a day, the Shanghai lead 1909 contract opened at 16645 yuan / ton, at the beginning of the day, more short and reduced, the Shanghai lead operation center of gravity moved up to 16735 yuan / ton line, however 16750 yuan / ton platform exists suppression, Shanghai lead upward pace slows, near noon, many heads choose to avoid danger to leave the market one after another, Shanghai lead then concussion catharsis, finally closes at 16670 yuan / ton, drops 165 yuan / ton, drops 0.98%, the position reduces 3456 hands to 64838 hands. Shanghai lead closed Xiaoyin line, fell back at the high, considering that the outer plate lead also formed a downward channel, and it is more difficult to turn over at night, so the night Shanghai lead or continuation of the pullback market, the 5-day EMA support role is weak.

(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
17 hours ago
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.
17 hours ago
"Domestic Secondary Crude Lead Market Slows as Holidays Approach, Smelters Halt Production"
17 hours ago
"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.
17 hours ago
Sluggish Transactions in Domestic Secondary Crude Lead Market, Prices at 15,250-15,400 Yuan/mt
17 hours ago
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.
17 hours ago