SMM Lead Morning Meeting: Price Fluctuations, Profit Decline, Yet Firm Quotes Amid Macro and Supply Changes

Published: Oct 29, 2024 09:00

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[SMM Lead Morning Meeting Minutes: Lead Prices Continue to Fluctuate and Consolidate, Recycled Refined Lead Profits Decline Yet Quotes Remain Firm] On the macro front, the US dollar index experienced a slight correction, and investors are focusing on the US October employment report this week. Domestically, the supply and demand in the spot market maintained a tight balance, with downstream production resuming. According to research, recently, recycled lead enterprises in Anhui, Jiangsu, Hebei, Henan, and other regions have experienced production reductions due to environmental protection impacts, resulting in a decrease in the supply circulating in the spot market. The price difference between recycled lead and primary lead has narrowed...

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