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[SMM lead Morning News] Shanghai lead continues concussion market low platform temporary support
Oct 30,2019 09:15CST
translation
The content below was translated by Tencent automatically for reference.

SMM, 30 October:

Overnight, Lun lead opened at US $2226.5 / ton. In the Asian session, the trend of Lun lead was flat, basically running in a narrow range of 2230 lines. After concussion, the center of gravity rose, and into the European period, the amplitude of Lun lead intensified. In late trading, it quickly pulled up to a high of US $2262.5 / ton, finally reporting a rise of 1.35 per cent to US $2258.5 / ton. Lun lead continued to break through the previous high, continued strong trend, continued to pay attention to the internal and external price comparison.

Overnight, Shanghai lead 1912 contract opened at 16680 yuan / ton, Shanghai lead trading was light at the beginning of the day, the overall center of gravity moved down, near the close, driven by the strong lead, Shanghai lead quickly pulled up, high to 16750 yuan / ton, and finally reported at 16740 yuan / ton, up 70 yuan / ton. The pattern of external strength and internal weakness is persistent, still continuing yesterday's point of view, waiting for overseas inventory replenishment, structural stability.

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