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China's trade data expected lead prices weak down

by:Deyuan      2020-12-23
【 Abstract 】 London lead in 2. Dropped 19%, Shanghai lead night plate of high; Global economy downside risks remain, but crude oil rally good or commodity market sentiment, lead losses were limited, is expected to lead this spot small down.

【 Lead futures market 】 London lead to open in 1730 dollars/tons, opened slightly after finishing at $1722 / ton 1740. $5 / ton range, Europe and the United States time lead rapidly diving, dip 1693 dollars/tons, to 1695. $5 dollars/ton, down 38 or 2. 19%. Positions in terms of volume increase of 496 to 3984 hand, increased holdings of 55 to 124785 hand; Shanghai main lead 1607 contracts in 12785 yuan/ton, after opening shock slump, low 12725 yuan/ton, eventually closed at 12750 yuan/ton, down 50 yuan/ton, or 0. 39%, positions, and an additional 808 to 2068 hand volume, open interest cut 120 to 12388 hands.

( ) Spot price quotation today forecast: China may trade figures released today, is expected to exacerbate China's growth worries, poor lead vulnerable to fall, but the peripheral oil prices will limit lead prices drop, short lead prices remained weak, forecast the spot market today's lead price 50 yuan/tons.
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