SMM Lead Morning Meeting: Rising Secondary Lead Production May Support Price Consolidation

Published: Feb 24, 2025 08:57

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[SMM Lead Morning Meeting Summary: Increase in Secondary Lead Production Data May Sustain Lead Price Consolidation Due to Cost Support] The spread between futures and spot prices for lead widened WoW. Even after the delivery of the SHFE lead 2502 contract was completed, suppliers did not halt the transfer to delivery warehouses, and social inventories of lead ingots are expected to continue increasing. Meanwhile, the production data of secondary lead enterprises rose, further driving up demand for scrap batteries.

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