SMM, May 22:
During the day, the main 2007 contract of Shanghai lead opened at 14090 yuan / ton, and the daily moving average fluctuated under pressure throughout the day. During this period, it was as low as 13975 yuan / ton, and some short sellers stopped earnings and left the market. Shanghai lead returned to above 10,000 yuan / ton, and finally closed at 14045 yuan / ton, down 115yuan / ton, down 0.81%. The position increased by 763 to 25865 hands. Shanghai lead closed on the Xiaoyin line, the upward pace slowed down, and the 5-day moving average slowed down. After the European period, Lun lead continued to weaken, which at night or dragged down the 5-day moving average support under the Shanghai lead test.
(Shanghai Nonferrous net Guo Rong Tel: 021 Murong 51666879)