SHFE Lead to Lack of Upward Strength (2017-6-6)

[SMM Lead Morning Update: US Dollar Index Nears 100; LME Lead Falls to a 10-Month Low] SMM News, March 4: Overnight, LME lead opened at $1,967.5/mt. During the Asian session, LME lead traded relatively steadily, consolidating around $1,970/mt for most of the session......

[SMM Lead Morning Meeting Minutes: Geopolitical Risks Continue to Escalate, Lead Prices Under Pressure and Volatile Pull Back] The renewed US-Iran conflict has reignited “inflation concerns,” and the probability of the US Fed’s second interest rate cut this year has fallen to 50%. Overseas geopolitical tensions remain unchanged, supply-chain pressures are significant, and damage to the economic environment has weighed on base metals broadly, leading to widespread weakness...