Summary of SMM Lead Morning Meeting: Bullish sentiment of lead longs i

Published: Jul 25, 2023 08:25

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Summary of SMM Lead Morning Meeting: Bullish sentiment of lead longs is high, and the fundamentals are strong, boosting lead prices. Macroscopically, the market continues to strengthen the prospect of the Federal Reserve raising interest rates, but the rebound of the US dollar index has not had a significant impact on lead prices in the domestic and foreign markets. On the fundamentals side, near the end of July, downstream large lead-acid battery orders have gradually improved, and after lead prices have strengthened, demand for essential purchases has been maintained. Market expectations for the peak season are gradually being realized, and lead smelting companies are facing downstream essential purchases, traders receiving goods, and their own delivery plans, with low existing inventories.

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