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[SMM lead Morning News] near Shanghai lead Wanqi repeatedly closed up 0.95% overnight.
Oct 17,2019 08:28CST
The content below was translated by Tencent automatically for reference.

SMM, 15 October:

Overnight, Lun lead opened at $2148.5 / ton. In the Asian period, the trend of Lun lead was stable, basically running at the front line of US $2150. In the afternoon, as Shanghai lead weakened, Lun lead fell to US $2140.5 / ton, and entered the European period. Lun lead hit a low and rose, reaching a high of US $2176 / ton, and finally reported at US $2168 / ton. Lun lead is basically in line with the previous judgment that we are in line with the technical trend, and we have focused on the pressure of US $2200 in the near future.

Overnight, Shanghai lead 1911 contract opened at 16935 yuan / ton, at the beginning of the market, driven by the strength of the outer plate, Shanghai lead opened high, quickly stood above ten thousand seven, but the good times did not last long, then the Shanghai lead shock fell back to around 16980, near the close, the main force again tried to pull up the price, and finally quoted at 17065 yuan / ton. Fundamentals are expected to be weak, domestic lead buying momentum completely depends on Lun lead, if the lead fall back need to be cautious Shanghai lead closely follow.

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