Published: Oct 9, 2023 08:15
Summary of SMM Lead Morning Meeting: Raw Material Cost Support VS Post-holiday Lead Ingot Accumulation, Lead Price Short-term or Still in Range Shock Situation. Last Friday, LME lead opened at a low of 2133 US dollars/ton, and remained stable in the Asian session. Entering the European session, LME lead fluctuated and rose to 2166 US dollars/ton, closing at 2241 US dollars/ton. Macroscopically, the US non-farm data released last Friday exceeded expectations, and the possibility of the Fed raising interest rates again this year rose to about 50%.

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Summary of SMM Lead Morning Meeting: Raw Material Cost Support VS Post - Shanghai Metals Market (SMM)