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Why outlook for base metals continues to be neutral in 2024

Copper ended the previous year with a gain of 2% while aluminium and lead prices lost 1% and 4%, respectively. In the meantime, zinc was the worst-performing metal in the group shedding more than 14% in the domestic market and 10% in the overseas market.
Etmarkets Whatsapp Geojit Financial Services Us Federal Open Market Committee Open Market Committee Base Metals China Economic Woes

Cost rise hits inventory pre-increase lead price may rise and fall next week [SMM lead Weekly selection]_SMM

[SMM lead Weekly report selected: cost rise hits inventory pre-increase lead price or fall next week] the impact of the epidemic on the lead industry chain continues to ferment, waste transportation is restricted, and regional competitive premiums make the price of waste batteries rise rather than fall in the context of lead prices falling during the week, and the cost factor may have played an important role in futures. However, the impact of the epidemic has also spread to terminal consumption...
Weekly Report Lead Price Price Forecast
Source: metal.com

The trend of internal and external market diverges Shanghai Aluminum down more than 1% and the black line weakens [SMM market tracking]_SMM

[internal and external trend differentiation Shanghai Aluminum fell more than 1% black weakening] the US dollar fell slightly in early trading today, while crude oil rose slightly. Metal inner and outer disk trend differentiation, outer disk general rise, Lun aluminum, Lun zinc smoothly turned red, Lun aluminum led up by 0.86%, Lun zinc rose 0.72%, Lun copper, lun lead rose slightly. Lunxi fell slightly. The inner market generally fell, Shanghai Nickel continued to lead the decline by 2.75%, and...
United States Russia Bureau American Petroleum Institute Shanghai Nickel Shanghai Aluminum Only Shanghai
Source: metal.com

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Before the Spring Festival, fundamentals support limited vigilance against the rise and fall of lead prices [selected SMM lead Weekly]_SMM

[SMM lead Weekly report selection: before the Spring Festival, the fundamentals support limited vigilance against the rise and fall of lead prices] in mid-late January, downstream enterprises will begin to have holidays one after another, and weaker consumption is expected to form natural negative conditions for subsequent lead prices, but it is worth noting that as the Hu Lun ratio narrows and the lead ingot export window opens again, the risk of lead ingot accumulation is not great.
Spring Festival Weekly Report Lead Price Price Forecast
Source: metal.com

Energy, Spring Festival and other factors interweave lead price rebounding range is limited [SMM lead Weekly selection]_SMM

[SMM lead Weekly selection: energy, Spring Festival and other factors intertwined lead prices limited] into January, the Spring Festival atmosphere appeared, upstream and downstream enterprises began to plan the Spring Festival holiday, according to previous years, production of recycled lead and battery enterprises is expected to decline, primary lead supply is expected to stabilize, while on the other hand, waste battery prices remain high, the cost line of recycled lead moves up, and the cent...
Spring Festival Weekly Report Lead Price Price Forecast
Source: metal.com

Coming back from the holiday, pay attention to the macro data to guide the lead price to rise lower or higher [SMM lead Weekly report selection]_SMM

[SMM lead Weekly News selected: pay attention to the macro data guide lead prices or rebound] join New Year's Day at Christmas, the overseas festive atmosphere is strong, and the fundamentals have not changed much. When you come back next week, pay attention to the changes in the macro news to guide the trend of lead prices. You are expected to maintain a strong shock after the holiday, or try to stand at the 2300 mark again.
New Year Lunqin Festival Spring Festival Anchor Xiao Weekly Report Lead Price
Source: metal.com

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