SMM, May 18:
Last Friday, Lun lead opened at US $1622 per tonne. During the Asian session, Lun lead fluctuated upwards, reaching a high of US $1631 per tonne, entering the European session, while Lun lead dived downwards, reached a low of US $1592.5 per tonne, and then stabilized and finally closed at US $1601 per tonne, down 1.11%. Lun lead trend is likely to weaken, and then focus on the early low platform support.
Last Friday, the Shanghai lead 2006 contract opened at 13895 yuan / tonne. At the beginning of trading, Shanghai lead briefly consolidated and weakened, reaching a low of 13835 yuan / ton, and then the low Shanghai lead rose to 13850 yuan / ton, an increase of 0.11%. The shock of Shanghai lead continues to weaken, and the intraday amplitude slows down, focusing on the specific direction of Shanghai lead operation.
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