Lead Market Under Pressure: Macro Bullishness Fading, Prices Slide Amid Slowing Trading

Publicado: Oct 10, 2024 08:50
[SMM Lead Morning Meeting Summary: Macroeconomic Bullish Factors Nearing Conclusion, Lead Prices Under Pressure and Falling] On the macro front, the US dollar continued its strong and volatile trend, with a strong market sentiment for risk aversion. Traders remained focused on the impact of conflicts in the Middle East and China's stimulus measures on boosting metal consumption. Fundamentally, the effect of the "electric bicycle trade-in" policy on battery enterprise orders requires continuous monitoring. On the first day after the holiday, amid a generally bullish atmosphere, some procurement demands were brought forward. After a correction in lead prices, downstream enterprises reverted to a wait-and-see attitude, resulting in a decline in trading volumes for both primary lead and secondary refined lead...

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