[brief Review of SMM lead] Shanghai lead continues to bear pressure on Wanqi running material with limited upstream space at night

SMM, 14 October:

Within days, the Shanghai lead 1911 contract was opened at 17040 yuan / ton, and the collective diving of non-ferrous metals at the beginning of the day was mainly due to the gradual fall of the expectation of a good trade war, and part of the profit market fled. During the period, Shanghai lead due to weak fundamentals, very firm short entry in the morning, Shanghai lead plunged rapidly at the beginning of the day, once dropped to 18860 yuan / ton, and then operated within a narrow range of 18890 yuan, the market trading was gradually light, and finally reported at 16920 yuan / ton. Positions increased by 1128 to 50974. Shanghai lead newspaper closed long upper film line, ten thousand seven above throw pressure is bigger, short-term still has the possibility of high fall.

(Guo Rong, Shanghai Colored Network Tel: 021-51666879)