Lead Prices Under Pressure as Ingot Accumulation Nears Delivery, Cost of Recycled Lead Offers Potential Support

Publicado: Oct 14, 2024 08:04
[SMM Lead Morning Meeting Summary: Approaching Delivery Date, Accumulation of Lead Ingots Weighs on Lead Prices, While the Cost of Recycled Lead May Provide Some Support] ... Last Friday, in the Shanghai market, Chihong Lead was quoted at 16,625-16,660 yuan/ton, at a flat price to the 2411 contract; Honglu Lead was quoted at 16,600-16,630 yuan/ton, with a discount of 30 yuan/ton to the SHFE Lead 2411 contract; Jiangxi Copper in Jiangsu and Zhejiang regions... In terms of spot fundamentals, due to delivery factors, lead ingot inventories were transferred from factory warehouses to social warehouses, turning into visible inventories, which put pressure on lead prices...

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[SMM Lead Morning Meeting Summary: Approaching Delivery Date, Accumula - Shanghai Metals Market (SMM)