【SMM Lead Morning Meeting Minutes: Overnight lead consolidates slightly, domestic recycled refined lead gradually resumes supply and demand increases】

In terms of macroeconomics, on the eve of the release of the European Central Bank's policy and the Federal Reserve's congressional testimony this week, the market's risk aversion sentiment is strong...Domestically, stabilizing and expanding traditional consumption, encouraging and promoting the replacement of old products with new ones, and boosting consumption of large-scale consumer goods such as smart connected new energy vehicles and electronic products may have a positive impact on the consumption of lead-acid battery replacement sectors...In terms of refined lead supply, the maintenance and reduction of production in primary lead smelters in Hunan and other regions in March may lead to a slight decrease, while recycled refined lead has gradually resumed production this week, increasing the circulation of goods in the market. At the same time...