Commodity Market Report
Global lead short-term outlook June 2024
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Report summary
Raw material availability is constraining supply in China which is driving up the SHFE price. These relatively high prices are encouraging Chinese imports of refined metal. LME stocks expanded 21% during the month with cancelled warrants falling to 13%. LME Cash is down 2% from its May close while SHFE posts highest most active contract price in 6 years.
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