SMM, May 5-13:
Overnight, lun lead opened at $1674 / ton, Asia time, Lun lead shock upward, as high as $1683 / ton, then shock downward, into the European period, non-ferrous metal collective correction, Lun lead shock downward, low to $1630.5 / ton, finally reported at $1630.5 / ton, down 2.66%. Overnight non-ferrous metals rebounded for many days in a row after a pullback, Lun lead gave up the rise, undermining the upward trend, focusing on the direction of Shanghai lead operation during the domestic period.
Overnight, Shanghai lead opened at 14140 yuan / ton, Shanghai lead at the beginning of the day affected by the weakening of the outside market, rapid decline, the low once reached 13955 yuan / ton, then stabilized, and finally reported at 13990 yuan / ton, down 1.13%. Shanghai lead back to give up the rise, Shanghai lead outside speculative funds out of the market dramatically, the short-term shock is expected to weaken.
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