Summary of SMM Lead Morning Meeting: Cost and Accumulated Factors Rest

Published: Aug 8, 2023 08:59

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Summary of SMM Lead Morning Meeting: Cost and Accumulated Factors Restrain Each Other, Lead Price May Maintain High Consolidation. The Fed has internal differences, with board member Bowman saying that further rate hikes may be needed, while "the three hands" Williams said that restrictive rates may need to stay for a while, but may be lowered next year. On the fundamentals side, recent lead consumption performance is flat, downstream companies maintain just-in-time purchases, which can be seen as a neutral factor for lead price operation. We still need to pay attention to SHFE lead 2308 contract delivery before delivery.

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