Published: Oct 27, 2023 08:55
Summary of SMM Lead Morning Meeting: Lead Price Consolidates in a Range with Strong Support Below. Macro-wise, investors are worried about the Fed keeping high interest rates for a longer period of time, the European Central Bank keeping the three major interest rates unchanged on Thursday, and the US Dollar Index recording three consecutive gains. In October, Lun lead inventories increased sharply, combined with a macro-cold environment, Lun lead consolidated around 2100 US dollars/ton. On the domestic fundamentals side, after lead prices continued to weaken, except for some smelters raising prices and selling reluctantly...

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Summary of SMM Lead Morning Meeting: Lead Price Consolidates in a Rang - Shanghai Metals Market (SMM)