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[brief comment on lead in SMM period] the fundamentals of lead low rise in Shanghai limit the upstream space
May 6,2020 17:50CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 6 May:

Within days, the Shanghai lead main force 2006 contract opened at 13605 yuan / ton, Shanghai lead briefly consolidated, due to the overall strength of non-ferrous metals, Shanghai lead shock platform moved up to 13725 yuan / ton, near the close, more empty, Shanghai lead pulled up to 13840 yuan / ton, finally closed at 13835 yuan / ton, position increased by 838 hands to 24246 hands, an increase of 165 yuan / ton, an increase of 1.21%. Shanghai lead closed in the Zhongyang line, due to May 1 holiday primary lead refinery accumulation than expected, superimposed non-ferrous metals collective performance bright, Shanghai lead uprepair decline, however, recycled lead new investment and release, material Shanghai lead upstream space is limited, high selling is still the best strategy.

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)

 

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