[SMM lead Morning News] Shanghai lead rushes high and falls back, closing down 0.04% overnight.

Published: May 8, 2020 08:37

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SMM, 8 May:

Overnight, Lun lead opened at US $1637 per tonne. In the Asian session, Lun lead moved higher after a slight shock, and its center of gravity moved up to US $1640. Entering the European period, Lun lead rose rapidly, reaching a high of US $1665 / ton at one point, and then gave up the rise. it finally closed at 1646 US dollars / ton, up 0.55%. Although Lun lead stabilized in the low position, but the trend is still weak, the upper pressure is greater.

Overnight, Shanghai lead opened at 13910 yuan / ton, Shanghai lead quickly rose to 14000 yuan / ton, after the breakthrough is not strong, Shanghai lead fell back, low to 13875 yuan / ton, finally reported at 13880 yuan / ton, down 0.04%. Shanghai lead touched box high again fell back, the overall continuation of the concussion market.

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