SMM Lead Morning Meeting Recap: Import Disruption, Cost Support, PBOC Policy Hints, and SHFE Lead Dynamics

SMM Lead Morning Meeting Summary: Imported Lead Disrupts Domestic Balance, Focus on Cost Support for Lead Prices

PBOC Q1 Monetary Policy Meeting: It was suggested to increase the intensity of monetary policy regulation, strengthen the implementation and supervision of interest rate policies, and cut interest rates and RRR at an appropriate time. After the delivery of SHFE lead 2503 contract was completed last week, the movement of lead ingots to transfer to delivery warehouses may slow down, reducing its impact on lead prices...