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[SMM lead Morning News] Lun lead high reporting entity negative line high fell 1.79%
Oct 15,2019 08:44CST
The content below was translated by Tencent automatically for reference.

SMM, 15 October:

Overnight, lun lead opened at $2178 / tonne. In the Asian period, lun lead fluctuated downwards, then moved in a narrow range of US $2170, and entered the European period. Lun lead broke the platform, once fell to US $2129.5 / ton, then stabilized at US $2135, and finally reported US $2138 / ton, down 39 US dollars / ton, down 1.79%, Lun lead fell back to a high level, and the upper pressure of 2200 US dollars was highlighted. In the short term, it is difficult to have a strong force to try to go up again, the near future needs to be cautious high fall back.

Overnight, Shanghai lead 1911 contract opened at 16845 yuan / ton, at the beginning of the day by the weakening of Lun lead, Shanghai lead diving downward, low once reached 16725 yuan / ton, and then fell steadily rebounded, and recovered some of the decline, finally reported in 16815 yuan / ton, down 16845 yuan / ton, down 0.88%, the position increased by 682 hands to 51656 hands. Shanghai lead broke the 60-day moving average down, short entry is more determined, short-term Shanghai lead is still on the weak side of the market shock.

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