SMM

[SMM Lead Morning Meeting Summary: Overnight Lead Futures Stabilized Amid Fluctuations, Weak Consumption Led to Another Increase in Domestic Lead Ingot Social Inventory] Over the weekend, lead ingots continued to arrive at social warehouses, and the anticipated transfer to delivery warehouse by suppliers was fulfilled. At the beginning of the week, inventory continued to rise. Recently, although downstream enterprises have mostly resumed operations, their demand for lead ingot procurement has been lackluster. Spot prices in various regions shifted from premiums to discounts, with the discount range expanding.