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Published: Oct 13, 2023 08:05
Summary of SMM Lead Morning Meeting: The delivery of SHFE lead 2310 contract is in progress, and the accumulation of lead ingots may make lead prices show a weak and volatile trend. Overnight, LME lead opened at 2090 US dollars/ton, touched the high of 2105.5 US dollars/ton in Asian session; during the European session, LME lead fluctuated and dropped to 2052.5 US dollars/ton. Macroscopically, the CPI data released on Thursday unexpectedly rose, strengthening the market's expectation of "longer and higher" from the Federal Reserve and one more rate hike this year, and the US dollar index rose back above the 106 mark.

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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