China Lead Market Daily Update May 26th
2022-05-26
May 26th, 2022
Lead Price Update
Today average lead price comes to RMB14850/ton, RMB175/ton lower than yesterday according to data published on SMM Shanghai Metals Market www.metal.com/Lead
The minutes of the US Federal Reserve’s meeting showed that in the next two meetings, each 50 basis points of interest rate hikes may be appropriate. In this case, the market's interest rate hike bets cooled down. The macro market was bearish amid the increasing downward pressure on the economy and the expectation of tightening economic policies. The spot market continued to perform poorly, and non-ferrous metals generally fell under the influence of macro sentiment.
Lead Price Update
Today average lead price comes to RMB14850/ton, RMB175/ton lower than yesterday according to data published on SMM Shanghai Metals Market www.metal.com/Lead
The minutes of the US Federal Reserve’s meeting showed that in the next two meetings, each 50 basis points of interest rate hikes may be appropriate. In this case, the market's interest rate hike bets cooled down. The macro market was bearish amid the increasing downward pressure on the economy and the expectation of tightening economic policies. The spot market continued to perform poorly, and non-ferrous metals generally fell under the influence of macro sentiment.
