Published: Jan 16, 2024 08:50
SMM Lead Morning Meeting Minutes: Overnight Long Positions Entered with Slight Gains in Futures, Tight Supply in Spot Market Leading to Premium Quotations. In terms of fundamentals, yesterday was the delivery day for the Shanghai lead 2401 contract, with the daily warehouse receipt from the Shanghai Futures Exchange showing an increase of 9546 tons in lead ingot inventory, making it difficult to see a significant decrease in short-term inventory. At the beginning of the week, Shanghai lead fell sharply, but there is not much circulating supply in the market...

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