[SMM lead Morning News] Shanghai lead returned to Wanqi and closed up 0.5% overnight.

SMM, 18 October:

Overnight, Lun lead opened at $2178 / ton, Asia period, Lun lead rushed back up and down, low at $2160 a narrow range of operation, entering the European period, Brexit success, macro mood further warmed up, non-ferrous metals as a whole better, Lun lead followed the uplink, as high as $2189 / ton, finally reported at $2186 / ton, up $18 / ton, up 0.83%, position reduced by 1980 to 123000 hands. Lun lead closed at three Lianyang, gradually repair the decline, and try to break through the previous high, pay attention to the pressure of 2200 gate in the near future.

Overnight, shanghai lead 1911 contract opened at 17105 yuan / ton, at the beginning of the day, shanghai lead rushed back down, low to 17080 yuan / ton, driven by the continued strength of lun lead, shanghai lead hit low and rose, and then basically ran in the narrow range of 17120 yuan, and finally reported 17135 yuan / ton, up 85%, up 0.5%, and the position increased by 874 hands to 54840 hands, the final report was 17135 yuan / ton, up 85 yuan / ton, up 0.5%, and the position increased by 874 hands to 54840 hands. The main company contract continues to increase positions, contract spreads gradually widen, the future needs to be cautious speculative funds soft position.

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