【SMM Lead Morning Meeting Summary: Social Inventory of Lead Ingots May

Published: Jul 19, 2024 08:50

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【SMM Lead Morning Meeting Summary: Social Inventory of Lead Ingots May See a Slowdown in Decline, and Lead Prices Maintain High Volatility】Overnight, LME lead opened at $2,188/ton and moved slightly up in the Asian session. Entering the European session, LME lead briefly touched a high of $2,207/ton, then fell back and moved down in volatility... According to the research on the spot market, this week's social inventory of lead ingots first increased and then decreased. The main reason is that July 15th at the beginning of the week is the delivery date of the Shanghai Lead 2407 contract, and the holding traders shifted their inventory for delivery...

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