LME Lead Posted a Three-Day Losing Streak; SHFE Lead Rose After Fluctuating at Highs [SMM Lead Morning Comment]

AI Briefing

• – LME lead prices fell for the third consecutive day, while SHFE lead prices rose after fluctuating at high levels.
• – The loss of LME lead prices was attributed to increased supply and lower demand.
• – Global lead inventories rose to over 3 million tonnes, exacerbating downward pressure on prices.