【SMM Lead Morning Meeting Summary: Overnight lead market showed strong

Published: Jun 18, 2024 08:55

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【SMM Lead Morning Meeting Summary: Overnight lead market showed strong volatility, social inventory slightly increased on the eve of delivery】 Macroscopically, overnight, the dollar index fell by 0.17%. The import price in the United States in May fell for the first time in five months. According to the data of the National Bureau of Statistics, industrial production is growing rapidly, and the equipment manufacturing industry and high-tech manufacturing industry are growing well. In terms of fundamentals, the recent contradiction in the supply of waste batteries has become the main factor supporting domestic lead prices. The unexpected reduction and shutdown of recycled lead smelting enterprises in Anhui has tightened the supply of lead ingots.

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