Telah Terbit: Oct 16, 2023 09:06
Summary of SMM Lead Morning Meeting: Lead Price Down due to Accumulated Inventory, Pay Attention to Cost Support from Raw Materials and Energy. The Middle East situation has intensified supply worries, with crude oil soaring more than 5%, the second largest daily increase in half a year in a week. Brent oil rose more than 7% in the whole week, the largest increase in eight months. On the fundamentals side, consumption performance of lead market is poor, and lead ingot supply is expected to increase in October. In addition, as the delivery date of SHFE lead 2310 contract is approaching, social inventory of lead ingot will accumulate as expected, dragging down lead price...

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