Lead Market Rally Boosted by Auto Consumption Recovery & Battery Sales Orders Surge

Publicado: Oct 17, 2024 08:12
[SMM Lead Morning Meeting Summary: Seasonal Recovery of Automobile Consumption, Improved Sales Orders for Lead-acid Batteries] ... Overnight, LME lead opened at $2,079.5/ton. Due to the strengthening of the US dollar index, LME lead initially fell to a low of $2,071.5/ton before rebounding, and reached a high of $2,110.5/ton during the European session... In terms of spot fundamentals, the seasonal recovery of automobile consumption combined with policy-driven incentives such as "trade-ins" has led to an improvement in sales orders for lead-acid batteries, boosting the production sentiment of battery manufacturers...

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[SMM Lead Morning Meeting Summary: Seasonal Recovery of Automobile Con - Shanghai Metals Market (SMM)