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[SMM lead Morning News] Lun lead returns to the $2200 / ton pressing platform to boost Shanghai lead to return to the top of Wan Qi
Oct 22,2019 08:39CST
The content below was translated by Tencent automatically for reference.

SMM, 22 Oct:

Overnight, lun lead opened at US $2173 / ton. In Asia, Lun lead basically ran along the daily moving average and entered the European period. As the US index recorded a new low of nearly three months, it boosted the trend of non-ferrous metals on the outer plate and pulled up collectively. The bulls also took the opportunity to enter the market. They also took the opportunity to return to the top of the $2200 / ton suppression platform, and hit a high of $2212 / ton. Finally, it was reported to be $2211 / ton, up 38.50 US dollars / ton, or 1.77%. Positions increased by 92 to 125000. Lun lead closed bareheaded barefoot Dayang line, the bulls market has not yet stopped, within the day to see if Lun lead can stand at the $2200 / ton level, and open the uplink channel. Overnight, the Shanghai lead 1911 contract opened at 16980 yuan / ton, at the beginning of the day, long and short stalemate, Shanghai lead around the daily average shock, after being boosted by the accelerated rise of lead, Shanghai lead shock center of gravity moved up to 17035 yuan / ton, and once climbed to 17060 yuan / ton, finally closed at 17045 yuan / ton, up 30 yuan / ton, up 0.18%, position reduced by 14 hands to 49700 hands. Shanghai lead temporarily closed at the Xiao Yang line, stopped falling and stabilized, the 60-day moving average still supports the bottom lead price, but the recycled lead continues to maintain the deep sticking water, as well as the sign that the consumption weakens, or continues to shake the long position confidence, pay attention to whether Shanghai lead will lose the Wan Qi pass again in the day.

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