SMM, July 17th:

Overnight, Lun lead opened at 1839.5 US dollars / ton. In the Asian session, the overall metal weakened, Lun lead fluctuated downward, reaching a low of 1824 US dollars / ton. After entering the European period, Lun lead rebounded, recovering its decline, and finally closed at 1839.5 US dollars / ton, down 0.76 per cent. Lun lead high decline, the overall trend has not changed the upward trend. Overnight, Shanghai lead opened at 14950 yuan / ton, Shanghai lead basically around the daily moving average near the shock, light overnight trading, finally reported at 14910 yuan / ton, an increase of 0.13%. There is support near the Shanghai lead 20-day moving average, pay attention to the technical position support strength in the short term.

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