SMM, May 19:
During the day, the main 2006 contract of Shanghai lead opened at 14125 yuan / ton, and at the beginning of the session, the daily average line was used to support the bottom shock. Later, due to weak fundamentals unable to support lead prices, the Shanghai lead shock platform fell to around 14030 yuan / ton, and finally closed at 14045 yuan / ton, up 125 yuan / ton, or 0.90%. The position decreased by 2647 hands to 15818 hands.
In addition, the main contract was transferred to the 2007 contract. Within the day, the Shanghai lead 2007 contract opened at 14010 yuan / ton, and the fundamentals were difficult to support the Shanghai lead station to stabilize the Wanshui pass. The Shanghai lead operating platform moved down from 14050 yuan / ton to 13930 yuan / ton, and finally closed at 13955 yuan / ton, up 1.05%. The position increased by 24 hands to 17765 hands. The Shanghai lead newspaper closed the Xiaoyang line, and the Wansi pass failed again, but from a fundamental point of view, waste batteries are easy to rise and difficult to fall, the cost support of recycled lead is still effective, the superposition of the two sessions is just around the corner, the domestic macro mood is improving, and the space for Shanghai lead to fall is also limited.
(Shanghai Nonferrous net Guo Rong Tel: 021 Murong 51666879)
