Telah Terbit: Apr 15, 2024 08:58
[SMM Lead Morning Meeting Summary: Lead rebounded in late trading on Friday, with sluggish trading in the spot market and expectations of accumulation still exist] On the macro side, tensions in the Middle East and expectations of a rate cut by the European Central Bank in June strengthened the US dollar on Friday. In addition, the Shanghai Futures Exchange announced on April 12 that it will allow standard warehouse receipts for delivery made from lead ingots produced according to the new national standard... Fundamentally, in April, lead smelting enterprises resumed production after maintenance, while the lead-acid battery market entered the traditional off-season, leading to a misalignment of supply and demand in the physical market, with significant pressure on lead ingot accumulation in the short term...

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[SMM Lead Morning Meeting Summary: Lead rebounded in late trading on F - Shanghai Metals Market (SMM)