Published: Nov 1, 2023 16:57
SMM senior analyst Xia Wenming made a forecast for lead prices in 2024 and predicted the long position in the future. She said that from the perspective of supply and demand surplus, lead itself does not have an upward expectation in 2024, but the rise of raw material prices such as scrap batteries, resulting in high costs for lead smelting enterprises, or give lead price cost support. In addition, there may be a stage of tight supply in the third and fourth quarters, which may also push lead prices further up. Overall, SMM expects the center of gravity of Shanghai lead operation in 2024 to move up.

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