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[SMM lead Morning News] Lun lead concussion upstream Lun lead closed up 0.57% overnight.
May 20,2020 08:39CST
translation
The content below was translated by Tencent automatically for reference.

SMM, May 20th:

Overnight, Lunlun lead opened at 1657 US dollars / ton. In the Asian session, the market operated smoothly, the center of gravity fluctuated around 1665 US dollars, and entered the European period. At the beginning of the day, Lunlun lead quickly dived down, reaching a low of 1649 US dollars / ton, and then Lun lead recovered its decline. At one point, it rose to 1687 US dollars / ton, and finally reached 1681 US dollars / ton, up 18.50 US dollars / ton, or 1.11%. Lun lead low closed at Erlianyang, there is a possibility to break through the platform high of $1690, overseas fundamentals see no signs of improvement, need to be cautious after the rapid weakening.

Overnight, Shanghai lead opened at 14095 US dollars / ton. At the beginning of the day, Shanghai lead quickly fell to 13995 yuan / ton, and then stopped falling and stabilized. This was mainly affected by overseas strength. Shanghai lead rose to around 14135 yuan, lack of motivation, and fell slightly. It was finally reported at 14125 yuan / ton, an increase of 0.57%, and its position decreased by 15697 hands. Shanghai lead low closed at four Lianyang, close to breaking through the platform high of 14150 yuan / ton, recently Shanghai lead advantage is strong, pay attention to whether it can effectively break through the platform uplink.

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