Summary of SMM Lead Morning Meeting: Lead Ingot Inventory Expectation

Published: Nov 10, 2023 09:05

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Summary of SMM Lead Morning Meeting: Lead Ingot Inventory Expectation and Cost Factors Intertwined, Short-term Lead Price or Plate Consolidation. Federal Reserve Chairman Powell said that he had no confidence that monetary policy had tightened enough to bring inflation down to 2%, reiterating caution, but if appropriate, the Fed would not hesitate to raise interest rates. On the fundamentals, yesterday's Shanghai Lead 2311 contract warehouse inventory decreased by more than 1,000 tons, easing the recent pessimistic sentiment of lead ingot accumulation, but next week the Shanghai Lead 2311 contract will enter delivery, lead ingot transfer warehouse delivery...

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