SMM, 13 April:
Within days, the Shanghai lead main force 2005 contract opened at 13780 yuan / ton, early in the day Shanghai lead in the vicinity of the daily average line short run, after the spot market supply is scarce, and rising water quotation is strong, part of the short choice to leave the market to avoid risk, Shanghai lead center of gravity shock moved up to the day high 13950 yuan / ton, finally closed at 13945 yuan / ton, up 130 yuan / ton, up 0.94%, position reduced to 20752 hands. Shanghai lead acceptance bald small positive line, has not yet broken through the upper limit of the shock range, in addition, last week lead ingot society library continued to decline, however, the rate of decline significantly narrowed, while taking into account the limited recycled lead smelting raw materials, the supply of stage tension is difficult to change, the recent lead price or maintain shock market, pay close attention to the changes in the supply of smelting waste.
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)
