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Published: Jun 5, 2024 08:19
[SMM Morning Meeting Summary of Lead: Downstream Enterprises Are Waiting and Cautious, and the Digestion Speed of Social Inventory is Average] Overnight, LME lead opened at US$2,292.5/ton, fluctuating around the intraday average in the Asian session; entering the European session, LME lead was affected by the dollar trend... Macroscopically, the number of job vacancies in the United States fell to the lowest level since 2021 in April. After the data was released, the Fed interest rate swaps showed that the pace of interest rate cuts would accelerate in 2024...

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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