Lead price shocks, market supply is sufficient

Release time：Mar 26, 2019 From：anonymous

Futures market:

Today, lme lead shock, opened at 2046 US dollars in the morning, then the price strengthened, the highest 2060 US dollars, and finally closed at 2052 US dollars, or 0.32%. Today's Shanghai lead main shock is weak, Shanghai lead 1904 contract opening price of 16910 yuan, then the price weakened, the lowest 16785 yuan, the final closing of 16,850 yuan, down 95 yuan, down 0.56%.

Spot market:

Today, the spot lead transaction price was reported at 16900-17300 yuan / ton, compared with the previous trading day, the flat lead price on the Shanghai lead 1904 contract premium c100-b300 yuan / ton. Today's downstream purchases on demand, the current demand is weak, the market trading is light. According to the survey results of the Shanghai Nonferrous Metals Trading Center, most traders believe that the recent lead price may fluctuate.

[SME point of view]

Today, the lead price fluctuated. In the external market, the lead price was adjusted. In the internal market, the lead price was low before the impact. Taken together, the current supply of lead in the lead is not restricted, the recent accumulation of inventory, weak consumption, unfavorable prices, the current high premium is mainly due to the impact of value-added tax. Pay attention to environmental protection in the later period.