铅：偏强运行，沪铅连三进口盈亏

Report Summary 1) Report Industry Investment Rating - The lead industry is rated as "running strongly" [1] 2) Core View of the Report - The lead market is expected to run strongly, with data changes in various indicators showing different trends [1] 3) Summary by Relevant Catalogs Fundamental Tracking - Price and Fluctuation: The closing price of Shanghai lead main contract was 17,225 yuan/ton, up 0.20%; the closing price of LME lead 3M electronic disk was 2,031.5 dollars/ton, up 0.97% [1] - Volume and Open Interest: The trading volume of Shanghai lead main contract was 52,643 lots, a decrease of 3,709 lots; the open interest was 51,182 lots, an increase of 2,838 lots. The trading volume of LME lead was 8,483 lots, a decrease of 305 lots; the open interest was 151,844 lots, a decrease of 1,129 lots [1] - Premium and Discount: The premium of Shanghai No.1 lead was -35 yuan/ton, unchanged; the LME CASH - 3M premium was -22 dollars/ton, up 1.5 dollars/ton [1] - Inventory: The inventory of Shanghai lead futures was 45,278 tons, an increase of 611 tons; the LME lead inventory was 273,250 tons, a decrease of 2,000 tons [1] - Waste Battery and Recycled Lead: The price of waste electric vehicle batteries was 10,275 yuan/ton, up 25 yuan/ton; the price of recycled refined lead was 16,950 yuan/ton, up 75 yuan/ton [1] News - Fed officials said they were not ready to support a rate cut at the July meeting, and the White House said Trump would not make a decision on the next Fed chairman nominee in the near future [2] Trend Intensity - The trend intensity of lead is 1, indicating a relatively strong trend [2]