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[SMM lead Morning News] Shanghai lead probe rebounded low and closed up 0.75% overnight.
Jul 8,2020 08:38CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 8th:

Overnight, Lun lead opened at 1796 US dollars / ton. In the Asian session, Lun lead showed a weak trend. At the beginning of the session, Lun lead fluctuated downwards, entering the European period, Lun lead habitually went down, reaching a low of 1781.5 US dollars / ton, and then non-ferrous lead strengthened, Lun lead explored low and rebounded, and continued to rise, reaching a high of 1833 US dollars / ton. in late trading, Lun lead gave up the increase, and finally reported an increase of 0.89 per cent at 1811 US dollars / ton. Lun lead continued to be strong, closing three Lianyang, overseas lme inventory continued to decline, reflecting the recovery of consumption, short-term or continue to rise.

Overnight, Shanghai lead opened at 14700 yuan / ton. Shanghai lead rose rapidly at the beginning of trading, then ran at 14700 yuan, then broke through, and then basically ran at 14740 yuan / ton, finally reported at 14750 yuan / ton, an increase of 0.75%. Shanghai lead closed Xiaoyang line, temporarily stopped falling and stabilized, short-term is expected to be mainly shock.

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