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[SMM lead Morning News] lead prices continue to rise and break through and strengthen in the inner and outer disk.
Jul 30,2020 08:51CST
translation
Source:SMM
The United States continues to maintain monetary easing, the technical level of lun lead is still relatively strong, the overall upward channel. In the domestic market, fundamentals are expected to improve, and the supply of goods in the spot market is slightly tight, supporting the high-level oscillation of the market.
The content below was translated by Tencent automatically for reference.

Overnight, Lun lead opened at US $1859 / ton. During the Asian session, Lun lead fluctuated down to a low of US $1853.5 / ton at the beginning of the session, then stabilized, entered the European market, and was boosted by market bullish sentiment. Lun lead oscillated higher to US $1878 / ton in the later period, then fell back, and finally closed at a high of US $1878 / ton, up 0.91%. The United States continues to maintain monetary easing, the technical level of lun lead is still relatively strong, the overall upward channel.

Overnight, Shanghai lead opened at 15515 yuan / ton. At the beginning of the session, Shanghai lead briefly climbed to a high of 15650 yuan / ton. after that, affected by the overall decline of non-ferrous metals, Shanghai lead fell rapidly, then the selling pressure slowed, and Shanghai lead rebounded, reaching a low of 15485 yuan / ton. finally reported at 15605 yuan / ton, an increase of 0.84%, the domestic market, fundamentals are expected to be good, the spot market supply is slightly tight, to support the high oscillation of the market.

 

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