SMM Lead Morning Meeting Summary: Lead Prices Under Pressure Amid High Inventories; Macro Data Impacts Markets

[SMM Lead Morning Meeting Summary: High Social Inventory of Lead Ingots, Lead Prices Under Pressure and Fluctuating]

Macro: The US February retail sales MoM recorded 0.2%, lower than the expected growth of 0.6%; as US retail sales data fell short of expectations, the US dollar index plunged intraday.

China's January-February national economic "report card" was released: total retail sales of consumer goods reached 8,373.1 billion yuan, up 4.0% YoY; industrial output above designated size increased 5.9% YoY; the average surveyed urban unemployment rate nationwide was 5.3%.