SMM lead morning meeting minutes: overnight lead weakens in pairs, fol

Published: Jan 15, 2024 08:55

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SMM lead morning meeting minutes: overnight lead weakens in pairs, follow-up still needs to pay attention to supply recovery. On the macro level, due to the stronger-than-expected US data, the US dollar continued to be strong, and the release of domestic loan data also put pressure on non-ferrous metals. In terms of fundamentals, there are more production cuts in primary lead and secondary lead enterprises, and the increase in supply brought by the recovery of secondary refined lead production in Anhui has put pressure on lead prices. In addition, primary lead smelters have gradually resumed production this week, but secondary refined lead may still be affected by a new round of environmental production restrictions...

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