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[brief Review of SMM lead] it is difficult to break the shock of lead platform in Shanghai in the near future.
Apr 16,2020 17:08CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 16 April:

Within days, the Shanghai lead main force 2006 contract opened at 13650 yuan / ton, the spot market high rising water quotation, superimposed ultra-low social inventory, prompted the long low entry, Shanghai lead center of gravity shock upward, finally closed at 13680 yuan / ton, up 5 yuan / ton, up 0.04%, the position increased by 1103 hands to 22038 hands. Shanghai lead closed at the Xiao Yang line, along the 13700 yuan / ton platform shock, the possibility of substantial accumulation this week is low, the recent lead price may continue the horizontal plate operation trend.

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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