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[brief Review of lead in SMM period] shock in Shanghai lead continuation interval pays close attention to fundamental changes
Apr 10,2020 17:05CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 10 April:

Within the day, the Shanghai lead main force 2005 contract opened at 13780 yuan / ton, at the beginning of the day around the daily average briefly shock, after the overall strength of non-ferrous metals, Shanghai lead center of gravity gradually moved up, and recorded a daily high of 13910 yuan / ton, finally closed at 13835 yuan / ton, up 135 yuan / ton, up 0.99%, position reduced 397 hands to 21319. Shanghai lead closed Xiaoyang line, continue interval concussion, from a technical point of view, the moving average trend of each channel is flat, horizontal trend may continue, from the basic point of view, regeneration / primary upside down phenomenon basically receded, however, smelting waste supply shortage still limits the pace of short selling, recently pay close attention to the changes in waste supply and demand.

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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