SMM Lead Market Snapshot: Domestic Prices Surge Amid Overseas Weakness; Post-Holiday Downstream Cautious on Rigid Demand

Publicado: Oct 9, 2024 08:57
[SMM Lead Morning Meeting Summary: Strong Domestic Lead Prices and Weak Overseas Prices; Post-Holiday Downstream Enterprises Mostly Wait-and-See with Rigid Demand Purchases] On the macro front, concerns over the geopolitical situation have boosted market risk aversion sentiment, leading to a relatively strong and volatile US dollar index, and putting pressure on LME non-ferrous metals in general. On October 8, the State Council Information Office announced that the country would intensify the introduction of a package of incremental policies to continuously boost domestic confidence and market consumption. Fundamentally, after the National Day holiday, upstream and downstream enterprises in the lead industry chain generally resumed normal production, but the surge and subsequent decline of Shanghai lead prices on the first trading day after the holiday made downstream enterprises mostly adopt a wait-and-see attitude...

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[SMM Lead Morning Meeting Summary: Strong Domestic Lead Prices and Wea - Shanghai Metals Market (SMM)