LME Lead Fell for Three Consecutive Times! How Long can SHFE Lead Rise after the Bulls Pay Off?

Telah Terbit: Jun 24, 2022 11:09
Sumber: SMM
LME declined Since June 8 and as of 17:56 yesterday, LME lead fell to $1,971.5/mt, a new low since April, 2021. SMM believes that, on the one hand, the LME lead declined because the overall macro environment was negative amid the high US dollar. On the other hand, the LME lead stocks maintained stable since April 29, but since June 9, the LME lead stocks started to increase slowly. SMM believes that this may be driven by the early export of lead ingots arriving at ports. Therefore, although the overseas lead ingot consumption was modest, it is expected that LME lead stocks may still increase slightly in the near future.

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LME declined Since June 8 and as of 17:56 yesterday, LME lead fell to - Shanghai Metals Market (SMM)