SMM lead morning meeting minutes: Lead ingot inventory pressure still

Published: Feb 21, 2024 08:07

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SMM lead morning meeting minutes: Lead ingot inventory pressure still exists, continue to pay attention to the resumption of work by downstream enterprises. Overnight, LME lead opened at $2036/ton, and during the Asian session, LME lead fluctuated downward. In the European session, LME lead was first suppressed and then rose. In terms of spot fundamentals, primary lead smelters took less time off during the Spring Festival, and the secondary lead smelters that stopped production during the holiday are slowly recovering, leading to continued inventory pressure on lead ingots. However, downstream enterprises have begun to replenish their stocks due to strong demand...

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