SMM, May 28:
Overnight, Lun lead opened at 1674.5 US dollars / ton. In the Asian session, lead and zinc fluctuated downwards together, entering the European period, Lun lead continued to weaken, and then phased upward revision. However, after 5 days of moving average suppression, Lun lead fell again to 1626 US dollars / ton, and the outer disk colored collective rose, followed by Lun lead, which finally closed at 1642 US dollars / ton, down 32 US dollars / ton, or 1.91 per cent. It seems that the support platform formed by the 10-and 20-day moving average is about to fail, and it is possible for Geneva lead to continue to be revised down.
Overnight, Shanghai lead opened at 14260 US dollars / ton. At the beginning of the session, Shanghai lead moved along the daily average line, and then the non-ferrous metals helped to weaken. The Shanghai lead operating platform moved down to 14210 yuan / ton. Near the close, driven by the strengthening of the outer disk, Shanghai lead rose back to 14275 yuan / ton, down 95 yuan / ton, or 0.66%. The position decreased by 35 to 28692 hands. Shanghai lead newspaper closed the lower shadow of the Xiaoyang line, the long and short sides entangled at the 5-day moving average, and the trend of the 5-day moving average slowed down, paying attention to the support of the 5-day moving average within the day.
Click to sign up for SMM 2020 (15th) lead and Zinc Summit
Scan the QR code in the picture to sign up for the lead-zinc summit and fill in the personal information on the last page. The meeting staff will contact you later!