[SMM Lead Morning Meeting Summary: Intensified Contradiction in Lead S

Published: Jul 2, 2024 09:01

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[SMM Lead Morning Meeting Summary: Intensified Contradiction in Lead Supply VS Open Import Window, Be Alert to the Risk of Rising and Falling of Lead Price Later] The ISM manufacturing index in the US in June was 48.5, lower than the expected 49.1 and the previous value of 48.7 in May, marking a three-month consecutive contraction. The price index fell by the largest margin in over a year. In terms of fundamentals, recently, there have been many shutdowns and production cuts in primary lead and recycled lead smelting enterprises, resulting in a phased reduction in lead ingot supply. Especially before the resumption of production of recycled lead smelting enterprises in Anhui, the tight market supply situation is difficult to change temporarily...

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