【SMM Lead Morning Meeting Minutes: Overnight lead market strong intern

Published: Mar 25, 2024 08:52

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【SMM Lead Morning Meeting Minutes: Overnight lead market strong internally and weak externally, domestic spot market supply and demand both declined】On the macro level, the European Central Bank's interest rate cut on Friday night also boosted the US dollar index, continuing its strong oscillation, while under the loose monetary policy domestically, the RMB against the US dollar plummeted sharply. On the domestic front, in late March, the lead market entered into a double decline in supply and demand. On the supply side, there were more primary lead smelters undergoing maintenance, with a reduction in delivery brand sources, while profits from recycled lead remained decent, leading to a stable increase in supply. But in terms of lead consumption...

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