Home / Metal News / [SMM lead Morning News] lead prices continued their strong trend and closed up 0.78 per cent overnight.

[SMM lead Morning News] lead prices continued their strong trend and closed up 0.78 per cent overnight.

iconJul 14, 2020 08:59
Source:SMM

SMM, July 14th:

Overnight, Lun lead opened at 1855.5 US dollars / ton. In the Asian session, the center of gravity of Lun lead moved upward, and the trend was relatively strong. Entering the European period, Lun lead continued to rise, reaching a high of 1886 US dollars / ton, a new high since February, and finally closed at 1884.5 US dollars / ton, an increase of 1.59 per cent. Lun lead technical bull market, more emotional, there is still a short-term upside possibility.

Overnight, Shanghai lead opened at 15480 yuan / ton. At the beginning of trading, Shanghai lead strengthened rapidly, reaching a high of 15635 yuan / ton, then fell slightly in late trading and finally closed at 15580 yuan / ton, an increase of 0.78%. Shanghai lead is still in the upward stage and is cautiously shorting in the current market.

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