SMM lead morning meeting minutes: overnight lead upswing, smelter inventory continues to be tight

Fundamentally, the domestic demand for refined lead in the downstream sector has not been completely met, and the supply of refined lead is still not sufficient. Smelter inventories in Henan and Hunan are in urgent condition, and prices are maintaining a high premium. Merchants who hold recycled refined lead are generally in short supply, mainly due to pre-sale orders. In addition...