SMM Lead Morning Meeting: Potential Price Consolidation Amid Warehouse Transfers and Policy Adjustments

[SMM Lead Morning Meeting Summary: Coexistence of Delivery Warehouse Transfers and Spot Improvement, Lead Prices May Continue Consolidation Trend]

PBOC: Adjust and optimize policy intensity and pace at an appropriate time to promote a reasonable rebound in prices, closely monitoring changes in the monetary policies of major overseas central banks. Domestically, only two working days remain until the delivery of the SHFE lead 2502 contract. Suppliers have increased warehouse transfers for delivery, especially with significant inventory growth in warehouses near major consumption areas...