Published: Jan 23, 2024 08:16
SMM Lead Morning Meeting Minutes: Spot supply remains tight and lead prices remain at a high level. Overnight, LME lead opened at $2,105 per ton, stabilized during the Asian session, and then entered the European session. On the macroeconomic front, the People's Bank of China maintained the one-year and five-year loan prime rates (LPR) at 3.45% and 4.20% respectively. In terms of fundamentals, there are fewer companies planning to take a break for the Spring Festival on the side of primary lead, while the reduction in lead ingot supply is mainly reflected in recycled lead.

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SMM Lead Morning Meeting Minutes: Spot supply remains tight and lead p - Shanghai Metals Market (SMM)