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[brief Review of lead in SMM period] there is a strong pressure reduction of lead in Shanghai at Wansi pass
May 8,2020 15:40CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 8 May:

LME is closed for a bank holiday.

Within the day, the Shanghai lead main force 2006 contract opened at 13880 yuan / ton, the all-day pressure daily averaging shock, during the concussion platform slowly declined, the center of gravity moved down, and finally closed at 13895 yuan / ton, the position increased by 977 hands to 25391 hands, up 5 yuan / ton, up 0.04%. Shanghai lead newspaper lengthened the upper shadow small negative line, the uplink breakthrough failed again, there is a strong pressure at the Wansi pass, considering that the pressure on the supply end of recycled lead will gradually appear in mid-May, Shanghai lead is still expected to fall back and weaken at night, but before the new recycled lead is actually put into production, the disk may show a gentle downward trend.

(Shanghai Nonferrous net Guo Rong Tel: 021 Murong 51666879)

 

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