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Color: LME inventory lead prices surge in 11 or fall

by:Deyuan      2020-12-23
【 。 Cn summary 】 LME inventories increased significantly, the overnight lead continued drop fell 1. Cut smelting cost 08%, refinery, excess supply worries revived, market bearish sentiment drag on price movements, this lead or down now.

【 。 Cn lead futures market 】 London lead continued drop, opened at 1895. 5 dollars/tons, high at 1900. $5, low 1866. $5, late closed at $1874, down 20. $5 or 1. 08%; Volume was 3907 563, increased holdings 70684 959. Lead night Shanghai main 2010 contract closed at 14860 yuan/ton, down 290 yuan, or 1. 91%.

the Yangtze lead industry network ( pb. 。 cn) Today's spot price quotation forecast: LME stock soared nearly 7% to 131750 tonnes, overnight lead continued drop; Refiners cut smelting cost, excess supply worries revived, under the disturbance of the outbreak, this year season seasonal characteristics or worse than usual, market bearish sentiment drag on price movements, is expected to lead this spot price to fall. ( The Yangtze river team 0592 - metal extraction solution network 5668838).
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