Summary of SMM Lead Morning Meeting: Lead Price Consolidates, Downstre

Published: Oct 26, 2023 08:47

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Summary of SMM Lead Morning Meeting: Lead Price Consolidates, Downstream Purchases Prefer Smelting Plants with Discounted Sources. Macroscopically, a batch of new economic data highlights the strong performance of the US economy compared to Europe, and the 10-year US Treasury yield rises in investor risk aversion sentiment, and the US dollar index stabilizes and rises again... The rapid accumulation of Lun lead inventory limits the height of Lun lead rebound this round. On the domestic fundamentals, the battery start-up is generally stable, and after the lead price slightly weakens, the enthusiasm of raw material reserve has increased...

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