Macro Weakness Coupled with Lead Ingot Inventory Buildup, Short-Term Lead Prices Will Continue to Consolidate on a Subdued Note [SMM Lead Morning Meeting Minutes]

[SMM Lead Morning Meeting Summary: Macro Weakness and Lead Ingot Inventory Buildup to Keep Short-term Lead Prices Consolidating on a Subdued Note] The LME lead inventory outside China surged by a cumulative 167,200 mt over two consecutive days, with invisible inventory in the trade system turning into visible inventory, becoming the main bearish factor for the lead market recently…

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