SMM, May 27th:
During the day, the main contract for Shanghai lead opened at 14480 yuan / ton. At the beginning of the Shanghai lead market, it fluctuated around the daily moving average. Affected by the news in the afternoon, the bulls made a profit and left the market. At one point, it was as low as 14155 yuan / ton. Near the close, due to the effective support of the 5-day moving average, Shanghai lead rose slightly and finally closed at 14260 yuan / ton, down 40 yuan / ton, or 0.28%. The position increased by 123 hands to 28727 hands. Shanghai lead closed on the Xiaoyin line, the upward pace slowed down, and the trend of Lun lead was weak in European time, but considering the long-term daily moving average in the medium and short term, the night high short selling funds entered cautiously.
(Shanghai Nonferrous net Liu Lin Tel: 021 Murray 51666771)