[SMM Hot Topic] Weak Domestic Demand + Export Diversion Cool the “North-to-South Steel Flow”

SHFE Lead Prices Lacked Upward Momentum, and the Pattern of Doldrums Was Difficult to Change [Lead Futures Brief Review]

Buying Sentiment Weakened Downstream After Copper Prices Rebounded Sharply, Spot Premiums Declined [SMM South China Spot Copper]

LME Lead Rebounded Strongly After Hitting Bottom; SHFE Lead Opened Higher With a Gap, Came Under Pressure, and Pulled Back [SMM Lead Morning Brief]

What Could Change if Middle East Aluminum Trade Reroutes—and Supply Becomes Substitutable