Latest Update in the SMM Lead Market

[SMM Lead Morning Brief: LME Lead and SHFE Lead Consolidate at Highs amid Interplay of Factors Such as Tariffs and Costs] SMM reported on July 10: Overnight, LME lead opened at $2,043.5/mt. With the US tariff risk still lingering, LME lead fluctuated downward during the Asian session, until it traded near $2,035/mt during the European session...

[SMM Lead Morning Meeting Summary: Tight Raw Material Supply and Rising Costs, Lead Prices May Continue to Fluctuate at Highs in the Short Term] The latest minutes of the June meeting released by the US Fed showed that officials' differences over the interest rate outlook were becoming increasingly apparent, mainly due to their differing expectations on how tariffs might affect inflation. In July, the lead market is expected to see an increase in both supply and demand, but the growth rates of both are relatively slow...

[SMM Shanghai and Other 1# Lead Markets: Lead Prices Rebound with Increasing Regional Disparities in Spot Cargo Transactions] SMM News on July 9: In the Shanghai market, Chihong and Honglu lead were priced at 17,165-17,205 yuan/mt, quoted at a discount of 60-20 yuan/mt against the SHFE lead 2508 contract. In the Jiangsu-Zhejiang market, Jijin and JCC lead were priced at 17,185-17,205 yuan/mt, quoted at a discount of 40-20 yuan/mt against the SHFE lead 2508 contract. SHFE lead prices stopped falling and rebounded, with suppliers actively expanding discounts to sell spot cargo...