LME Lead Drops Amidst Rate Cut Expectations, Spot Market Sluggish; Domestic Prices Volatile

Publicado: Sep 19, 2024 08:04
【SMM Lead Morning Meeting Summary: Weak Performance in Spot Market and Volatile Domestic Lead Prices】Overnight, LME lead opened at USD 2,013.5 per tonne and declined to a low of USD 1,977.5 per tonne during the Asian session. In the European session, the US dollar index weakened due to news of interest rate cuts... From a macro perspective, the Federal Reserve initiated an interest rate cut cycle by 50 basis points. The dot plot suggested that the Fed would cut rates by another 50 basis points this year and by 100 basis points next year. Governor Bowman voted in favor of a 25 basis point rate cut...

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【SMM Lead Morning Meeting Summary: Weak Performance in Spot Market and - Shanghai Metals Market (SMM)