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[brief Review of lead in SMM period] the strong Storage at Wansi pass suppresses the quietly Transformation of the relationship between supply and demand
Apr 7,2020 17:22CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, April 7-

Within the day, the Shanghai lead main force 2005 contract opened at 13710 yuan / ton, at the beginning of the day, stimulated by the domestic reduction news, the non-ferrous metal collective strengthened, Shanghai lead once climbed to 13980 yuan / ton, but there was a strong suppression at the top four levels. Shanghai lead pressure fell back to the shock near the daily average line, and finally closed at 13865 yuan / ton, up 120 yuan / ton, up 0.87%, and the position was reduced by 275 hands to 22933. Shanghai lead barefoot small positive line, medium-and short-term moving average to maintain an upward trend, but the relationship between domestic supply and demand is quietly changing, unless the macro environment mutation, the practice of selling short is more suitable for the trend of lead prices in April.

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)

 

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