Summary of SMM Lead Morning Meeting: Longs Add Positions Again as Over

Published: Sep 6, 2023 08:48

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Summary of SMM Lead Morning Meeting: Longs Add Positions Again as Overnight Lead Prices Rebound, Downstream Transmission of High-priced Raw Materials is Slightly Unsmooth. Fundamentally, the consumption of downstream battery in September may not be able to support the recent rapid rise of lead prices. Many battery production enterprises are cautious and mention the expectation of production reduction. The downstream transmission of high-priced raw materials is slightly unsmooth. Yesterday, the enthusiasm of longs weakened and the pressure of overnight lead prices fell back. However, the strength of Lun lead overnight boosted the confidence of longs again, and the lead price in Shanghai...

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