Summary of SMM Lead Morning Meeting: With the background of double-dow

Published: Nov 8, 2023 09:05

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Summary of SMM Lead Morning Meeting: With the background of double-down supply and demand, the center of gravity of lead price operation is gradually shifting. China's exports in October decreased by 6.4% year-on-year, and imports increased by 3%; imports of major commodities continued to be low, and imports of crude oil increased by 13.4% year-on-year. On the fundamentals, lead consumption remains weak, spot market trading is sluggish, and primary lead and secondary lead shipments are both maintained at a large discount state...

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