SMM Lead Morning Meeting: Dollar Dips, LME Lead Rebounds, Inventory Growth Slows

Publicado: Nov 19, 2024 08:56
[SMM Lead Morning Meeting Summary: US Dollar Drops Back, LME Lead Rebounds Sharply, Domestic Social Inventory Growth Slows] Macro side, the US dollar index dropped back slightly, easing the pressure on base metals from the recent upward fluctuation of the US dollar, and LME lead rebounded. Fundamentals side, primary lead smelter production in November remained stable with limited growth potential. In regions like Hebei and Henan, smog warnings were lifted, and vehicle transportation in Henan and other areas returned to normal, leading to the gradual transfer of refined lead inventory in northern warehouses. Although secondary refined lead production mainly recovered this week, environmental protection measures in autumn and winter could still affect the supply of secondary refined lead...

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