Published: Oct 24, 2023 13:48
SMM Analysis: Lead Price Bottomed Out and Rebound Under Pressure Again in October, How Does Spot Market Perform? In terms of spot prices, SMM1# lead price touched the lowest level of 16175 yuan/ton in October 17th, and then rebounded to 16400 yuan/ton. After three consecutive rises of SHFE lead 2311 contract, it was under pressure at 16500 yuan/ton. In spot market, the maintenance of electrolytic lead smelter in Jiangxi and Yunnan in October and the maintenance of secondary refined lead smelter in Anhui brought regional supply differences. As for secondary refined lead...

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