[31 October SMM lead data]

[SMM Lead Morning Brief: Complex Situation Outside China, LME Lead Pulled Back After Hitting Highs] SMM June 1 reported: Last Friday, LME lead opened at $2,017/mt. Against expectations of a US-Iran ceasefire, base metals held up well, and LME lead held up well throughout the day...

[SMM Lead Morning Meeting Minutes: Divergent Fundamentals in and outside China, Lead Prices Expected to Lack Upward Momentum] Over the weekend, U.S.-Iran negotiations took another turn, with foreign media reporting that Trump significantly revised the memorandum of understanding, proposing tougher terms in an attempt to pressure Iran into accelerating negotiations. The macro landscape remains complex and volatile, while lead fundamentals diverge. In markets outside China, LME lead had previously been in a backwardation structure...