Home / Metal News / Lead / [brief Review of SMM lead] the main force of lead in Shanghai pays attention to the supply side of fundamentals for the month.
[brief Review of SMM lead] the main force of lead in Shanghai pays attention to the supply side of fundamentals for the month.
Apr 14,2020 18:02CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 14 April:

Within the day, the Shanghai lead main force 2005 contract opened at 13985 yuan / ton, high open high walk, once touched the day high 14235 yuan / ton, and then profit market, Shanghai lead fell below the daily average line, finally closed at 14060 yuan / ton, up 205 yuan / ton, up 1.48%, position reduced 1729 hands to 19023 hands.

Another main contract transferred to the 2006 contract, within the day, the Shanghai lead main force 2006 contract short opened in 13770 yuan / ton, long funds to promote the Shanghai lead center of gravity up, after the daily average to support the bottom shock, in the afternoon, the short force increased, Shanghai lead pressure fell back, finally closed at 13765 yuan / ton, up 100 yuan / ton, up 0.73%, the position increased by 1176 hands to 19557 hands. Shanghai lead newspaper long upper shadow small negative line, up weak, but the lower moving average bonding to form a strong support, in the fundamental supply side is not obviously rich, Shanghai lead may continue the concussion market.

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)

 

Lead; lead brief Review
Evening News

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news