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[brief Review of lead in SMM period] Shanghai lead stop falling and rising material may continue to rise at night
Oct 25,2019 17:26CST
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Source:SMM
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SMM, 25 Oct:

Within days, Shanghai lead 1912 contract opened at 16735 yuan / ton, at the beginning of the day, short inertia pressed lead price to 16605 yuan / ton, but 16600 yuan / ton integer platform has strong support, Shanghai lead returned to 16785 yuan / ton, finally closed at 16750 yuan / ton, up 90 yuan / ton, up 0.54%, position increased by 596 hands to 58806 hands. Shanghai lead temporarily closed in the Zhongyang line, stop falling and return to rise, recover some of the weekly decline, coupled with Wipang lead into the European period continued to strengthen, expected to continue to drive Shanghai lead back up at night, but the upper averages are strongly suppressed, upstream space may be limited.

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

 

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