SMM7 19 news: by the Federal Reserve interest rate cut and other macro news boost, capital drive and LME inventory and other factors, Lun Tonglun lead prices received a boost. At 20:38, bronze rose $189.5 a tonne, or 3.16 per cent.
Lun lead rose $46 a tonne, or 2.26 per cent.
Zhang Huawei, a Soochow futures company, said the copper rally was due to both tightening of supply and further easing of global monetary policy, driven by a weaker dollar, but also by speculative funds taking advantage of the opportunity to hype.
Capital drive is the main reason for the rise in the price of lead, which coincides with the low inventory of lead in lme, and at the same time there is a high level of lead maintenance, so it further stimulates the long sentiment of the market. Now that Lun lead is dominated by rising sentiment and money, other events can only be said to be the trigger.