Fundamentally: After being long awaited by the market, the second round of Greek bailout agreement has finally reached a consensus after 13 hours of "marathon negotiations". Greece will receive €13 billion in bailout loans on schedule. Private sector creditors have also agreed to write down the bonds they hold by 53.5%, higher than the previously agreed 50%. They are demanding that Greece reduce its debt-to-GDP ratio to 121% before 2020. The Eurozone consumer confidence index for February has risen for two consecutive months, but this index is still below the historical average level. Consumer confidence in the Eurozone remains weak.
Shanghai Lead Market: Today, the Shanghai lead market opened higher but closed slightly up at 15820, mainly boosted by the Eurozone's second round of Greek bailout plan. In the short term, the Shanghai lead market is expected to continue to strengthen. We should pay attention to the breakout situation above the 16000 line. The Greek government submitted the bond swap bill to the parliament on Tuesday evening, and the Greek parliament will vote on it on Thursday. We should pay attention to the voting results. In the spot market, the mainstream transaction price of electric lead today was 15650-15750 yuan/ton. Battery companies were mostly观望 (observing). The circulating sources of Shanghai traders were scarce, and high-price transactions were quiet.
(Note: The terms like "309S stainless steel plate", "310S stainless steel plate", and "galvanized pipe" seem irrelevant or possibly mistranslated from Chinese as they do not fit naturally into the context of this financial report.)