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[brief Review of lead in SMM period] Shanghai lead returns to above the 60-day moving average, but it is still necessary to guard against downside risks.
Oct 16,2019 18:27CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 16 October:

Within days, the Shanghai lead 1911 contract opened at 16960 yuan / ton, the Shanghai lead trend at the beginning of the day was strong, the high level once reached the 16970 yuan first line, and then under pressure near Wanqi, the Shanghai lead shock fell back, and then stabilized in the 16850 yuan first line. The main force was to maintain a stable price, and finally pulled up the lead price at the end of the day. It was finally quoted at 16895 yuan / ton, up 75 yuan / ton, up 0.45%. Shanghai lead returned to above the 60-day moving average, but the overall trend of lead price time-sharing is weak, there is still the possibility of breaking the downward position.

(Guo Rong, Shanghai Colored Network Tel: 021-51666879)

 

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