SMM, 3 April:
Within the day, the Shanghai lead main force 2005 contract opened at 13725 yuan / ton, at the beginning of the day, Shanghai lead around the daily average line narrow operation, afternoon, the overall strength of non-ferrous metals, Shanghai lead homeopathy rose, and recorded a daily high of 13840 yuan / ton, finally closed at 13810 yuan / ton, up 1.14%, position reduced by 747 hands to 23208. Shanghai lead closed at the Xiao Yang line, has not yet broken the shock interval, the 5-day moving average trend has leveled off, but the 10-day moving average below is still supported, and the phased tension at the supply end of the domestic fundamentals may be alleviated in April. the strong support of the fundamentals may be gradually diluted. During Qingming Festival short holiday, pay close attention to the impact of overseas epidemic development on the outer plate, if the outer plate continues to weaken, or will drag down the Shanghai lead trend.
In addition, according to the announcement of the previous issue, there has been no night trading in Shanghai since February 3, and the recovery time has yet to be determined.
(Guo Rong, Shanghai Colored Network Tel: 021-51666879)
