SMM, May 20:
During the day, the main 2007 contract of Shanghai lead opened at 14085 yuan / tonne. At the beginning of trading, Shanghai lead briefly fell to 13885 yuan / tonne. Later, due to strong support at the Wansi pass, Shanghai lead rose back to 14075 yuan / ton first-line shock. During this period, it once hit an intraday high of 14145 yuan / ton, and finally closed at 14090 yuan / ton, up 100 yuan / ton, or 0.71%. The position increased by 3111 hands to 20876 hands. Shanghai lead closed at four Lianyang, standing on ten thousand full digits, each moving average showed a long arrangement, and maintained the upward trend, in the case of the fundamental stalemate, the domestic macro environment turned warm, long funds or want to take advantage of the opportunity to push up the price of lead, but the fundamentals are difficult to give an effective boost, careful to chase more at night.
(Shanghai Nonferrous net Guo Rong Tel: 021 Murong 51666879)