SMM Lead Morning Meeting: LME Up, Domestic Down; Smelter Sales Held, Caution Persists

**SMM Lead Morning Meeting Minutes: Overnight, LME Lead Strengthened While Domestic Lead Weakened; Domestic Smelters Continued to Hold Back Sales, and Market Sentiment Remained Cautious**

On the macro front, the Federal Reserve is still expected to cut interest rates by 25 basis points next week, and the US Dollar Index has continued to weaken. Fundamentally, according to research, primary lead smelter production remained relatively stable this week. However, due to haze alerts in Henan, restrictions on vehicle movements have led to extended lead times for shipments from smelters. During the week, lead prices fluctuated and declined, and downstream enterprises had scattered spot purchase demands...