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[brief Review of lead in SMM period] lead Upstream in Shanghai is weak to pay attention to fundamental supply changes
Apr 8,2020 15:54CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 8 April:

Within days, the Shanghai lead main force 2005 contract opened at 13930 yuan / ton, the macro impact receded, Shanghai lead trend returned to its own fundamentals, as the relationship between domestic supply and demand quietly changed, the long profit market stopped earnings, the Shanghai lead center of gravity was weak, and finally closed at 13715 yuan / ton, down 2005 yuan / ton, down 1.15%, positions reduced by 1218 hands to 21715. Shanghai lead closed in the negative line, the continuation of the horizontal market, the 5-day moving average has turned down, and regeneration / primary upside down there are signs of narrowing, the recent fundamentals, pay attention to smelting waste supply changes, technical aspects, pay attention to the shock interval lower limit of 13600 yuan / ton support.

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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