Shouchuang Futures: Market sentiment concerns combined with off-season expectations, leading to a sharp decline in lead prices

Today, lead prices accelerated their decline, approaching a 2% drop, reaching 16k. As of today, lead has experienced four consecutive declines. Domestic lead production and supply remain high, although battery companies are still replenishing inventories as needed, but as the market gradually enters the off-season, downstream demand has decreased. Domestic lead will enter a stockpiling phase, compounded by global concerns, leading to a sharp short-term decline in lead prices. Looking at the historical trend of lead prices, they are currently near the lower end of the range, most risks have been released, and it is expected that lead prices will gradually stabilize. (First Capital Futures)
XPB-0.17%
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