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[brief Review of lead in SMM period] the horizontal market adjustment of Shanghai lead will still fluctuate too much in the short term.
Jul 31,2020 16:14CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 31:

During the day, the 2009 contract for Shanghai lead opened at 15655 yuan / ton. In early trading, bulls reduced their positions, and Shanghai lead was supported near the daily moving average, fluctuating horizontally in the range of 15585-15635 yuan / ton, reaching a low of 15565 yuan / ton during the period. Near the end of the day, boosted by the strong pull of Shanghai zinc, Shanghai lead rose to 15725 yuan / ton. Under pressure, the closing price gave up some of the gains yesterday, closing at 15705 yuan / ton, down 5 yuan / ton, down 0.03%. The position decreased by 828 to 24122, and the trading volume decreased by 7059 to 31255. After Shanghai lead closed at five Lianyang, the bulls made a high profit and reduced their positions, and Shanghai lead showed a trend of horizontal adjustment. However, Shanghai lead is still reported to close the positive line, the center of gravity of the k line has not moved down, the lower 5-day moving average still has a strong support, coupled with the fundamentals of the peak consumption season is approaching, Shanghai lead is expected to maintain a volatile trend in the short term.

Lead; lead brief Review
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