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[SMM lead Morning News] Metal keeps rising trend lead price accelerates upward trend
Jul 29,2020 08:58CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 29th:

Overnight, Lun lead opened at 1857.5 US dollars / ton. During the Asian session, Lunlun lead concussive operation at the beginning of the session, the overall center of gravity shifted down, into the European market, Lun lead probe as low as 1847 US dollars / ton, and then near the closing stage, Lun lead rebounded, recovering the decline, and finally reported at 1861 US dollars / ton, an increase of 0.3 per cent. The United States maintains monetary easing, the overall trend of precious metals is strong, non-ferrous metals follow the upward trend, and the whole is in the upward channel.

Overnight, Shanghai lead opened at 15435 yuan / ton. At the beginning of the session, Shanghai lead concussion fell, reaching a low of 15355 yuan / ton, then bottomed out and then rose to recover the decline. It was finally reported at 15480 yuan / ton, an increase of 0.29%. Domestic fundamentals are expected to be relatively good. Short-term focus on whether the upper pressure level can effectively break through.

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