SMM, 18 October:
Last Friday, lun lead opened at $2186 / tonne. In the Asian period, lun lead basically ran along the daily moving average, entering the European session, boosted by the continued weakness of the US index, and the collective pull of non-ferrous metals on the outer plate. Lun lead also took advantage of the opportunity to break through the $2200 / ton suppression platform, and once climbed to $2214.5 / tonne, and then entered the market at a high level, suppressing the price of lead to $2170 / tonne, and finally reported to $2172.5 / tonne, down $13.50 / tonne. The decline was 0.62%, and the position increased by 780 hands to 124220 hands. Lun lead closed the inverted hammerhead small negative line, the uplink channel was suspended, and the 5, 10-day moving average trend flattened one after another, Lun lead station 2200 US dollars / ton pass failed, daily demand cautious Lun lead may appear correction. On Friday night, Shanghai lead 1911 contract short opened at 17135 yuan / ton, but Shanghai lead upward force is insufficient, always under pressure in 17100 yuan / ton shock, after the increase and decrease, Shanghai lead all the way down to 17010 yuan / ton, the eve of the close, short profit left, Shanghai lead slightly rebounded, and finally closed at 17060 yuan / ton, down 30 yuan / ton, down 0.18%, position increased by 102 hands to 53462 hands. Shanghai lead temporary acceptance of the small negative line, has not yet fallen below the Wan Qi level, taking into account the suspension of the upward pace of lead, within the day Shanghai lead may continue to test Wan Qi support.
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