[SMM Lead Morning Meeting Summary: Downstream Consumption Remains Flat

Published: Aug 8, 2024 08:05

Save

[SMM Lead Morning Meeting Summary: Downstream Consumption Remains Flat, Increased Domestic Lead Ingot Supply in August May Keep Lead Prices Fluctuating within a Range] Overnight, LME lead opened at USD 1,951.5/ton and fell to a low of USD 1,938.5/ton during the Asian session; entering the European session, the US dollar index weakened, and LME lead pressure eased, rising to a high... In terms of spot fundamentals, in July, electrolytic lead smelters mainly focused on production recovery, with output exceeding 20,000 tons as expected; in August, due to the replenishment of imported ore and the expected resumption of maintenance enterprises, electrolytic lead production may maintain an upward trend...

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

SHFE lead edges down 0.03% with a long upper shadow, consolidation at highs remains intact [Lead Futures Brief Comment]

1 hour ago

3 hours ago

Data: SHFE, DCE market movement (Sep 02)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Sep , 2026

3 hours ago

5 hours ago

September 2 Scrap Battery Market Transaction Summary [SMM Daily Review]

5 hours ago