Published: Jun 3, 2024 08:49
[SMM lead morning meeting summary: social inventory of lead ingots maintains growth VS rising raw material prices and difficult to fall; lead price trend may fall first and then rise] On the last Friday, London lead opened at US$2,274/ton, fluctuating around US$2,285/ton in the Asian session; in the European session, due to the continuous decline of LME lead inventory... In terms of fundamentals, the recent trend of lead ingot inventory has turned to accumulation, coupled with the restoration of lead smelting enterprises after maintenance in early June, the supply of lead ingots will be relatively...

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