【Summary of SMM Lead Morning Meeting: Weakening Dollar Boosts LME Lead

Published: May 6, 2024 08:57

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【Summary of SMM Lead Morning Meeting: Weakening Dollar Boosts LME Lead to Close Higher, Still Need to Focus on Accumulation of Inventories at Smelters after the Holiday】On the macroeconomic front, the U.S. April non-farm payrolls data fell short of expectations, prompting the market to increase bets on the Federal Reserve's interest rate cut, and the U.S. dollar index continued to weaken during domestic holidays... Domestically, the maintenance situation of primary lead smelting enterprises in May remains unchanged, and the temporary disturbance of the "reverse invoicing" policy on the scrap battery recycling market coupled with weak downstream demand has affected secondary lead enterprises...

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