【SMM Lead Morning Meeting Summary: Raw Material Prices Still Provide S

Published: Jul 17, 2024 08:51

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【SMM Lead Morning Meeting Summary: Raw Material Prices Still Provide Strong Support for Lead Prices, Downstream Battery Manufacturers Maintain Rigid Demand for Production Based on Sales】Overnight, LME lead opened at $2,190/ton, and hit a high of $2,197/ton during the Asian trading hours, but then moved downwards; upon entering the European trading hours, the dollar fell first and then rose, and LME lead prices dived under pressure... For the fundamentals of spot markets, the overseas lead ingots have limited replenishment for the domestic market, and the supply of lead ingots in the domestic market remains tight; the supply of lead concentrate and scrap batteries is tight, and their prices remain firm, providing...support for lead prices.

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