Telah Terbit: Apr 26, 2024 08:55
[SMM Morning Meeting Summary on Lead: Raw Material Supply Remains Tight, Strong Cost Support for Lead Prices] Overnight, LME lead opened at $2,200/ton. After the opening, LME lead first fell and then rose, reaching a low of $2,186.5/ton during the Asian trading session... Macro perspective: Fed's Christopher Waller: After a series of higher-than-expected inflation data, the Fed must "recalibrate" its policy. "Fed's Mouthpiece": Inflation has been stronger than expected for three times, and the dream of interest rate cuts is fading away. Fundamental perspective: The supply tightness of lead concentrate and scrap batteries in April has not been alleviated temporarily...

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[SMM Morning Meeting Summary on Lead: Raw Material Supply Remains Tigh - Shanghai Metals Market (SMM)