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SMM Lead Morning Meeting: Inventory Accumulation, Exchange Rate Policy, and Lead Price Outlook

Published: Jan 14, 2025 09:02
[SMM Lead Morning Meeting Summary: Visible Inventory Accumulation Near Delivery May Weigh on Lead Prices] PBOC Governor Gongsheng Pan: Resolutely Prevent Exchange Rate Overshooting Risks, Strengthen Counter-Cyclical Adjustments, and Local Debt Risks Tend to Converge. This week, the SHFE lead 2501 contract is expected to enter delivery, with delivery brand transfers to delivery warehouses bringing a certain inventory increase. Compared to last month's transfers, this month's lead ingot delivery volume has significantly decreased compared to December...

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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[SMM Lead Morning Meeting Summary: Visible Inventory Accumulation Near - Shanghai Metals Market (SMM)