SMM Lead Market Update: Futures Consolidate Gains, Spot Market Fears Ease Amid Strong Fundamentals

Published: Sep 12, 2024 08:55

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[SMM Lead Morning Meeting Summary: Overnight Lead Futures Consolidated Gains and Fear of Falling in Spot Market Eased Slightly] Macroscopically, inflation data supported the Federal Reserve to cut interest rates by 25 basis points, and the macro atmosphere boosted LME non-ferrous metals, with LME lead recording a large bullish candlestick...Domestically, the fundamentals showed that recycled refined lead maintained high prices and sellers were reluctant to sell, leading to price inversion in the electrolytic lead market. The spot trading of electrolytic lead in Hunan, Henan and other regions gradually improved...

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