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Published: Sep 1, 2023 10:59
SMM Analysis: Shanghai Lead Main Contract Rebounding After Touching Low, Bullish Sentiment Rising and Atmosphere Becoming Grave in the Industry Chain. With the expectation of strong lead consumption in 2023 gradually coming true, the focus of domestic lead price operation has been moving up in August. Longs have been increasing their positions, and today the Shanghai Lead Main Contract 2309 contract hit a new high, with the weighted position volume surpassing 200,000 hands. Under the background of strong downstream consumption season, demand is gradually being released, and bullish sentiment is rising...

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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