SMM Lead Morning Meeting Minutes: Downstream Enterprises Successively Taking Holiday, Consumption Shortfall May Cause Lead Prices to Gradually Decline

Overnight, LME lead opened at $2166.5 per ton, with a decline in the Asian session followed by a rebound. In the European session, the dollar weakened slightly, and LME lead briefly touched $2188 per ton, but later fell due to market expectations of a rate cut by the Federal Reserve. Macroeconomically, the US January service industry PMI... On the fundamental side, spot supply is slowly recovering, and some traders have indicated that the transaction prices for primary lead are firmer than before.