Lead Market Outlook: Pre-Holiday Inventory Builds Drive Strong Price Volatility Amid Upgrade Potential in Key Sectors

Published: Sep 26, 2024 09:00

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[SMM Lead Morning Meeting Summary: Downstream Enterprises Prepare Inventories According to Demand before the Festival, and Lead Prices May Maintain a Strong Vibration] National Development and Reform Commission: China's major household appliances hold more than 3 billion units, and the number of cars exceeds 300 million, with huge potential for upgrading and replacement. In terms of fundamentals, before the National Day holiday, downstream lead-acid battery enterprises prepared lead ingots inventories according to demand. Among them, the stock of lead warehouse receipts at the Shanghai Futures Exchange decreased day by day this week, supporting a strong and volatile trend of lead prices before the festival...

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