Home / Metal News / Lead / [SMM lead Morning News] Shanghai lead Breakthrough platform closed up 3.03% overnight
[SMM lead Morning News] Shanghai lead Breakthrough platform closed up 3.03% overnight
May 12,2020 08:38CST
The content below was translated by Tencent automatically for reference.

SMM, May 5 (Xinhua)

Overnight, Lunlead opened at $1645 / tonne, while in Asia, Lunlead ran on the front line of $1650. In Europe, Lunlead accelerated its rise and fell back under pressure after reaching $1675. Near the end of the day, Lunlead accelerated its uplink, led by Shanghai lead, and finally reported $1675 / tonne, up 1.76 per cent. Lun lead technically stabilized, and then tested the 40-day moving average pressure.

Overnight, Shanghai lead opened in 13895 yuan / ton, accelerated entry of funds at the beginning of the session, Shanghai lead quickly rose to a high of 14305 yuan / ton, the overall trend is strong, and finally reported at 14280 yuan / ton, up 3.03%. Overnight, the Shanghai lead 2006 contract increased the position by more than 4000 hands. At present, the domestic lead ingot inventory is low, and there is a risk of soft capital pressure in the short term. Technically, the short-term strength probability of breaking through the platform is higher.

"Click to sign up for SMM" 2020 (15th) lead and Zinc Summit

Scan the QR code to sign up for the lead and zinc summit and fill in the personal information at the end of the page, and the conference staff will contact you later!

Transaction in Shanghai Stock Exchange
lead Price
Morning News
Import and Export

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn