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[brief Review of lead in SMM] weak fundamentals lead to persistent deviation of lead Market in Shanghai and London
Oct 24,2019 17:08CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 24 October:

Within days, the Shanghai lead 1912 contract opened at 16700 yuan / ton. Shanghai lead basically fluctuated along the daily moving average throughout the day, and the amplitude up and down was about 50 yuan / ton. Near the close, the empty increased and reduced, once suppressing the lead price to 16620 yuan / ton, and finally closed at 16630 yuan / ton, down 90 yuan / ton, down 0.54%, and the position increased by 96 hands to 58210 hands. Shanghai lead temporarily closed a small negative line, weak fundamentals led to the continuation of Shanghai lead contrary to the trend of the outer disk, strong outer plate at night or some relief to the weak market of Shanghai lead, but it is still difficult to reverse the current continuous downward rhythm.

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

 

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