[SMM Morning Meeting Summary of Lead: The Activity of Spot Trading of

Published: May 13, 2024 08:04

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[SMM Morning Meeting Summary of Lead: The Activity of Spot Trading of Lead Ingots is Relatively Average, and the Recent Trend Focuses on the Pressure of Accumulating Warehouses] On the previous Friday, the London lead market opened under pressure and then dropped to a low of US$2,219 per ton. Later, due to the weakness of the dollar, the pressure on the London lead market was released and prices rose. ... In terms of fundamentals: After the May Day holiday, the contradiction at the raw material end intensified, especially the implementation of the "reverse invoicing" policy for waste batteries, which caused a reduction in recycling volume in a short time, coupled with the increase in tax costs, became the driving force for the rise in lead prices. ...

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