[brief Review of lead in SMM period] the falling Center of lead in Shanghai continues to shift downward

SMM, 30 April:

Within days, Lun lead opened at $1646.5 / ton, the early Lunlun lead shock downward, down to around $1642 support, coupled with the strengthening of non-ferrous metals, led to a low rise in Lun lead, high to $1653.5 / ton, into the European period, Lun lead again weak, back to give up the increase, as of 16: 20, Lun lead reported at $1642.5 / ton. The domestic market will be closed tomorrow and pay attention to the overall trend of other metals at night. At present, Lun lead is technically showing signs of stabilizing.

Within days, Shanghai lead opened at 13800 yuan / ton, at the beginning of the day, the bulls chose a high level to leave the market, Shanghai lead shock downward, the low once reached 13625 yuan / ton, after the basic low shock, finally reported at 13660 yuan / ton, down 0.69%. From the trend point of view, lead prices are in a state of decline, has not yet stepped out of a clear unilateral downward trend, the low first test 13500 yuan / ton support, and focus on overseas news during the holiday period.

(Guo Rong, Shanghai Colored Network Tel: 021-51666879)