[SMM Lead Morning Meeting Minutes: Secondary Lead Inverted by 100 Yuan from Primary Lead, Sign of Lead Price Stop Falling?] Recently, lead prices fell continuously, losses for secondary lead enterprises widened, and shipments decreased significantly. In contrast, in the primary lead sector, lead smelters and suppliers were generally selling actively...

[SMM Lead Morning Brief: Lead Prices Will Be in the Doldrums Amid Bearish Macro Sentiment] Recently, multiple macro events have dominated the trading direction of base metals. Expectations for US Fed interest rate hikes strengthened, and the US dollar index hit a new high; progress in Middle East peace talks and a plunge in crude oil prices, to some extent, signal that metals......

[Lead Smelter Updates] It is learned that a medium-sized primary lead smelter in north-east China is about to complete its routine maintenance and plans to restart and resume production tomorrow (June 25). Lead ingot output is expected in early July, and after the plant resumes operations, daily production is expected to be around 200 mt.

[Lead Smelter Updates] It is learned that a medium-sized primary lead smelter in North China plans to conduct equipment maintenance for half a month starting from June 26. The maintenance is expected to end on July 10, affecting daily lead ingot production by about 200 mt.

[SMM Lead Morning Meeting Minutes: Different Risk Factors in and Outside China; Beware of Import Expectations amid Lead Prices with Overseas Market Underperforming Domestic Market] Recently, the U.S.-Iran peace talks have seen new progress, and Middle East shipping restrictions are about to be lifted. The nonferrous metal supply chain will be restored. Under expectations of recovery in shipping and energy supply, nonferrous metals generally weakened. However, in the lead market, domestic lead smelters are undergoing both maintenance and resumptions...

[SMM Lead Morning Meeting Summary: Macro and Fundamental Bullish and Bearish Factors Coexist, Lead Prices Expected to Consolidate] On Monday, the first round of high-level talks between the US and Iran concluded, and a joint statement released by Qatar and Pakistan showed that all parties reached a roadmap. After the Dragon Boat Festival holiday, lead ingot social inventory accumulated as expected, putting lead prices under pressure. Currently, in the mid-year period, upstream and downstream enterprises are facing...