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Published: Feb 1, 2024 15:18
SMM lead futures brief review: The main Shanghai lead contract 2403 opened at 16180 yuan/ton, with longs leaving the market after the opening, leading to a downward fluctuation in Shanghai lead prices. However, lead ingot inventories remained low, and short positions were reduced at the end of the day... Market trading activity significantly decreased. However, the obvious reduction in production by recycled lead smelters in the later period may give lead prices a boost...

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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