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[SMM lead Morning News] the high level of lead in Shanghai fell back and closed down 0.71% overnight.
Jul 6,2020 10:31CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 6th:

Overnight, Lun lead opened at US $1774.5 / ton. During the Asian session, Lun lead shot up and fell back, and its center of gravity gradually moved down, reaching a low of US $1763.5 / tonne. After entering the European and American period, Lun lead rebounded, reaching a high of US $1788 / tonne, and finally closed at US $1785 / tonne, an increase of 0.71%. Lun lead continues to be strong, with a high market risk appetite and is expected to continue to rise in the short term.

Overnight, Shanghai lead opened at 14705 yuan. At the beginning of the session, Shanghai lead fell rapidly, reaching a low of 14565 yuan / ton, then basically fluctuated slightly, and finally reported at 14585 yuan / ton, a decline of 0.71 percent. The high level of lead in Shanghai fell, which was mainly suppressed by the accumulation of inventory, and the short-term lead price continued to be weak.

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