SMM, May 18:
Within a few days, the main 2006 contract of Shanghai lead opened at 13850 yuan / ton, and the two domestic conferences were about to be held. With the overall pull of non-ferrous metals, Shanghai lead homeopathy raised the center of gravity to around 13960 yuan / ton, and the upper pressure was 10,000 yuan / ton, and the bottom was supported by 13915 yuan / ton at the bottom. It finally closed at 13955 yuan / ton, up 120 yuan / ton, or 0.87%, and the position decreased by 2877 hands to 18465 hands. Shanghai lead report Xiaoyang line, maintained in the box operation, the top ten thousand four pass suppression is strong, at the same time, waste battery prices are easy to rise and difficult to fall, give Shanghai lead below the support, considering that on the eve of the domestic two sessions, market sentiment is relatively optimistic, it is not appropriate to be too bearish on lead prices this week.
(Shanghai Nonferrous net Guo Rong Tel: 021 Murong 51666879)
