Published: Apr 19, 2024 08:45
Summary of SMM Lead Morning Meeting: Overnight lead strengthened, Shanghai lead broke through 17,200 yuan/ton, the spread between futures and spot prices widened, and trading in the spot market was light. In macroeconomic terms, mixed US data has not shaken people's belief in the stable economic foundation, and the expectation of a Fed rate cut has been delayed, leading to a general rise in non-ferrous metals. On the fundamental side, the tight supply of lead concentrate and scrap batteries in April supported lead prices...

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Summary of SMM Lead Morning Meeting: Overnight lead strengthened, Shan - Shanghai Metals Market (SMM)