[SMM lead Morning News] Shanghai lead high diving closed down 0.49% overnight.

SMM, May 22nd:

Overnight, Lun lead opened at 1696.5 US dollars / ton. During the Asian period, Lun lead ran in a narrow range and entered the European period. After that, Lun lead fluctuated downward, and then, affected by the collective diving of non-ferrous metals, Lun lead once fell to 1642 US dollars / ton and finally reported 1654 US dollars / ton, a decline of 2.36 per cent. The overall trend of Lun lead is poor, and the high pressure of the platform is greater. Today, we pay attention to the development of the macro situation at home and abroad.

Overnight, Shanghai lead quickly rose to 14280 yuan / ton at the beginning. Later, with the impact of overall metal diving, Shanghai lead gave up its rise and fluctuated in a narrow range, and finally reported a decline of 0.49 percent at 14090 yuan / ton. Shanghai lead continues to fluctuate at a high level and is concerned about whether it can effectively recover the decline.

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