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[brief review of lead in SMM period] slow downward pace of lead in Shanghai is expected to maintain interval shock in the near future.
May 11,2020 16:52CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 11 May:

Within days, the Shanghai lead main force 2006 contract opened at 13815 yuan / ton, at the beginning of the day, Shanghai lead pressure daily averages, and around 13835 yuan / ton shock, as a result of 5, 10 days average line bonding to form a strong support, Shanghai lead shock platform moved up to 13875 yuan / ton above the daily average, near the end of the day, Shanghai lead once touched 13915 yuan / ton, finally closed at 13895 yuan / ton, position reduced by 931 hands to 24460 hands, down 25 yuan / ton, down 0.18%. Shanghai lead newspaper closed long shadow Xiao Yin line, although after the European period, Lun lead strengthened, but Shanghai lead wants to break through the upper 60-day moving average is more difficult, from the basic point of view, the new production in early May recycled lead enterprises are basically step-by-step, supply pressure may appear, however, lead ingot social inventory still does not appear inflection point, superimposed waste battery price is easy to rise and fall, the main force of Shanghai lead in the near future is still mainly consolidation, up and down space is limited.

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

 

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