More positive to promote, June 20, the overall strength of the basic metal.
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Since the end of May, the price of lead has continued to rise, the cumulative increase of 10%, continue to maintain strong today, the success of the first half of the line, rose to more than two months high, rose 2.11 percent, reported 17675 yuan.
Lead-acid battery consumption season is the main reason for the rise in lead prices, lead concentrate supply and renewable lead production and other factors are also limited to a certain extent, support lead price.
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At the same time, the news that the Xinjiang electrolytic aluminum special inspection program has been introduced, coupled with Friday’s own power plant facing inventory, Shanghai aluminum 1708 also rose sharply 2.11%, rose to three weeks high.
In addition to tin tin slightly weakened, the other non-ferrous metals are uplift. Shanghai nickel, Shanghai zinc also rose above 1%.
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In addition, overnight LME metal futures rose also led the market to do more atmosphere.
LME copper rose 1.2%, due to China’s news and data show that copper demand stronger.
LME zinc hit a two-week high, due to the expected increase in demand for steel mills, and LME zinc stocks hit a nine-year low.
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