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[brief Review of lead in SMM period] continuous shock of lead in Shanghai pays attention to inventory changes in the near future
Apr 22,2020 17:30CST
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Source:SMM
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SMM, 22 April:

Within days, the Shanghai lead main force 2006 contract opened at 13550 yuan / ton, non-ferrous metal collective weakness, Shanghai lead down to 13425 yuan / ton, and then undertake bargain entry, Shanghai lead slowly upward repair, afternoon, driven by Shanghai zinc strength, Shanghai lead once climbed to 13735 yuan / ton, finally closed at 13645 yuan / ton, up 40 yuan / ton, up 0.29%, position increased to 25113 hands. Shanghai lead closed at the Xiaoyang line, running along the 13500 yuan / ton platform, the trend of the medium-and short-term moving average line has leveled off. At present, the increment of the supply side is not obvious. Short-selling funds dare not wantonly enter the market for the time being. First, pay attention to the inventory changes this week. After May Day holiday, the inventory situation may usher in an inflection point.

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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