SMM, July 1st:
Overnight, Lun lead opened at US $1796 / ton. During the Asian session, Lun lead moved around the daily moving average, the overall center of gravity slowly moved up, entering the European period, Lun lead continued to rise, reaching a high of US $1807 / ton, and then the overall non-ferrous metal dived. Lun lead gave up its gains, reaching below 1771 US dollars / ton and finally at 1778.5 US dollars / ton, down 1.06 per cent. Lun lead reported the negative line, temporarily suspended the upward speed, and paid short-term attention to the fermentation of the overseas epidemic situation.
Overnight, Shanghai lead opened at 14840 yuan / ton. At the beginning of the day, Shanghai lead fluctuated upward, reaching 14915 yuan / ton. After that, nonferrous lead weakened, and Shanghai lead gave up the increase and finally reported an increase of 0.65% at 14800 yuan. The high level of lead in Shanghai has fallen back, but the overall technology shows a strong trend, so we still need to be cautious to go short in the short term.
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