SMM, May 27th:
Overnight, Lun lead opened at US $1648 / ton. During the Asian session, Lun lead fluctuated upward, and its center of gravity steadily rose to US $1660 / tonne. Entering the European session, the market trading atmosphere was active, Lun lead's low rose to a high of US $1687.5 / tonne, and finally closed at US $1674 / tonne, an increase of 1.61%. The overall trend of Lun lead is in a low shock and has not yet walked out of an obvious upward trend. In the short term, we should pay attention to the trend of lead in Shanghai, whether it can effectively drive the strength of Lun lead. Overnight,
Shanghai lead opened at 14375 yuan / ton, driven by the strength of lun lead at the beginning of the session, Shanghai lead quickly rose to 14495 yuan / ton, and then fell back, but Shanghai lead trend was obviously strong, Shanghai lead recovered its decline, and finally reported at 14480 yuan / ton, an increase of 1.26%. Shanghai lead technology shows an upward trend, short-term inertia strength probability is higher, today focus on 14500 integer pressure.
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