[brief Review of lead in SMM] lead prices rise and fall back to give up all increases in the next day

SMM, 28 October:

Within days, Shanghai lead 1912 contract opened at 16750 yuan / ton, non-ferrous metals rose rapidly at the beginning of the session, Shanghai lead followed the uplink, high once rose to 16810 yuan / ton, and then with the weak fundamentals, Shanghai lead high once again by short allocation downside, low down to 16655 yuan / ton, the basic return of all the gains in the day, and finally reported at 16700 yuan / ton. For domestic lead prices, gradually into the high range shock pattern, high 17000 yuan / ton, low support platform 16600 yuan / ton, but due to the weak lead fundamentals, the trend is still downward, but due to the existence of internal and external sets of open plate support, domestic lead material resistance is better than Lun lead.

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