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[SMM lead Morning News] Shanghai lead continued to rise by 1.72% overnight.
Jul 28,2020 08:40CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 28:

Overnight, Lun lead opened at US $1811 / ton. During the Asian session, Lun lead fluctuated upwards, then ran on the front line at US $1822. After entering the European period, Lun lead slightly bottomed out and rebounded, and accelerated upward, reaching a high of US $1860 / ton, breaking through the platform uplink and finally trading at US $1855.5 / tonne, an increase of 2.49%. Lun lead technology to maintain a relatively strong trend, short-term attention to whether it can effectively break through the platform.

Overnight, Shanghai lead opened at 15195 yuan / ton. At the beginning of the session, Shanghai lead rose rapidly, the overall center of gravity moved up, reached 15395 yuan / ton, and then fell slightly to 15350 yuan / ton, an increase of 1.72%. Lead fundamentals are expected to improve, the recent market supply is tight, consumption rebounded obviously.

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