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[SMM lead Morning News] the downside of Shanghai lead shock closed down 0.17% overnight.
Jul 7,2020 08:37CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, 7th, 7th:

Overnight, Lun lead opened at US $1788 / ton. In the Asian session, driven by the strength of commodities, Lun lead fluctuated upward, entering the European period, Lun lead habitually explored, reaching a high of US $1801.5 / ton, followed by a high pressure of US $1800 and a high shock of Lun lead. It finally closed at 1795 US dollars / ton, an increase of 0.56 per cent. Lun lead continues to fluctuate at a high level, and the pressure at the $1800 mark is still high, so we will be concerned about whether it can effectively break through in the short term.

Overnight, Shanghai lead opened at 14710 yuan / tonne. At the beginning of trading, it rebounded quickly after the Shanghai lead detection was low. After reaching 14710 yuan, it fell back under pressure, and finally reported at 14625 yuan / ton, a decline of 0.17%. Shanghai lead closed at 5 consecutive overcast, mainly due to the current poor fundamentals.

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