SMM, 28 April:
Within days, the Shanghai lead main force 2006 contract short opened at 13995 yuan / ton, pre-season stock expected to be basically desalinated, superimposed recycled lead discount small expansion, short the opportunity cost of funds decreased, Shanghai lead center of gravity shock fell to 13770 yuan / ton, finally closed at 13770 yuan / ton, the position increased 209 hands to 25773 hands, down 170 yuan / ton, down 1.22%. Shanghai lead closed in the negative line, there is a strong suppression at the Wansi pass, this wave breakthrough also ended in failure, the expectation of weak fundamentals, or will be reflected after May Day, before the Shanghai lead probability to maintain the range of operation.
In addition, according to the last issue of the announcement, since the evening of May 6 to resume night trading.
(Guo Rong, Shanghai Colored Network Tel: 021-51666879)