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As lead ingot market fundamentals did not improve short-term price or a weak adjustment

by:Deyuan      2020-12-23
【 Abstract 】 June, the federal reserve to raise interest rates more likely, though, the dollar rose and the decline in crude oil, the overnight lead pressure fell to 2. 28% lead ingot spot market downstream on-demand procurement, clinch a deal, expected today now lead prices fall

' Lead futures market 】 Aaron, lead to open in 1792. 5 dollars/tons, Asian session focus shocks down, Europe and the United States time once rebounded to 1790. 5 dollars/tons, after the dollar index rose to base metal prices fell, Aaron lead pressure dip to 1752 dollars/tons, eventually closed at $1756 / ton, volume reduction of 5119 hands, 475 holdings reduce 419 to 125755 hands. Shanghai main lead 1606 contracts in 13295 yuan/ton, affected by Aaron lead low center of gravity down, after opening below 10 - day moving average, after near 20 daily average lines to get support, eventually closed at 13230 yuan/ton, down 20 yuan/ton, or 0. 15%. Positions, holdings reduce 140 to 15694 hands.

( ) Spot price quotation today forecast: the federal reserve to raise interest rates in June as big probability, weigh on metal prices rising dollar, lead ingot market fundamentals did not improve, demand is general, short-term or weak adjustment is given priority to, forecast the spot market today's lead price 50 yuan/tons.
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