【SMM Lead Morning Meeting Summary: Sporadic Deals by Downstream Compan

Published: Apr 25, 2024 09:00

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【SMM Lead Morning Meeting Summary: Sporadic Deals by Downstream Companies; Attention to Upstream and Downstream Production Cuts for Lead Price Trends】Overnight, LME lead opened at USD 2,182.5/ton, with shorts reducing their positions after the opening, and LME lead rose to a high of USD 2,209/ton... In terms of macroeconomics, the 10-year Treasury yield closed at 4.646%, and the 2-year Treasury yield, which is most sensitive to Fed policy rates, closed at 4.941%. Attention will be paid to the release of the number of initial jobless claims in the US for the week ending April 20 and the first estimate of the annualized quarterly rate of the US core PCE price index in the first quarter in the evening. In terms of fundamentals, Shanghai lead is operating at a high level,...

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