SMM Lead Market Update: Consumption Sluggish, Inventories Persistently High Amid Dollar Strength

Publicado: Oct 15, 2024 08:02
【SMM Lead Morning Meeting Summary: Limited Improvement in Lead Consumption, Lead Ingot Inventories Still Unable to Decline Rapidly】... Overnight, LME lead opened at $2,086/tonne, briefly touching a high of $2,095.5/tonne during the Asian session; due to the strengthening of the US dollar index, non-ferrous metals generally declined during the European session, with short positions increasing... In the Shanghai market, the price of Honglu lead ranged from 16,640 to 16,670 yuan/tonne, with a discount of 50-30 yuan/tonne against the SHFE lead 2411 contract; in Jiangsu and Zhejiang regions, Jiangtong, Shangjing, and Mulun lead were quoted at 16,640-16,700 yuan/tonne, with a discount against the SHFE lead 2411 contract...

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