Home / Metal News / Lead / [brief Review of lead in SMM period] Shanghai lead rose strongly at night, focusing on the stock volume in the near and far months.
[brief Review of lead in SMM period] Shanghai lead rose strongly at night, focusing on the stock volume in the near and far months.
Jul 13,2020 17:16CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 13:

During the day, the main 2008 contract of Shanghai lead opened at 15415 yuan / ton. In early trading, Shanghai lead continued its trend last night, shaking sideways near 15450 yuan / ton above the daily average line, and the first line of 15520 yuan / ton was not stable twice. In the afternoon, basic metals rose, and Shanghai lead rose to an intraday high of 15545 yuan / ton. the closing of long positions mainly weakened the high rise of Shanghai lead, which closed at 15460 yuan / ton, up 390 yuan / ton, or 2.59%. The position decreased by 157lots to 25068 lots, and the trading volume increased by 7386 lots to 34480 lots. Shanghai lead recorded barefoot long Yang line, standing on and away from all moving averages, in a strong rising channel. At the same time, there was an obvious increase in positions in the 09 contract today, with a large number of bulls choosing to move their positions, increasing their positions by 140 to 17157 to close at 14365 yuan / ton, up 365 yuan / ton, an increase of 2.43%, and the price difference between the 08 contract and 08 contract was around 100 yuan. Approaching the delivery period of 07 contract, the warehouse receipt inventory of the previous period increased by 5642 to nearly 26000 tons today, and the position in 07 contract decreased by 140. there is still more than 7100 hands left. the price difference between 07 contract and main 08 contract in the morning market once widened to more than 500 yuan / ton. at night, we pay attention to the arrangement of long and short positions in recent months. Shanghai lead is expected to remain strong in the short term, and focus on the popularity of 09 contract bulls.

Lead; lead brief Review
Evening News

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news